Barclays Forecasts Strong Price Appreciation for Airbnb (NASDAQ:ABNB) Stock

Airbnb (NASDAQ:ABNB) had its price target increased by Barclays from $110.00 to $120.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price objective suggests a potential downside of 25.66% from the stock’s current price.

Several other brokerages have also commented on ABNB. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Finally, DA Davidson upped their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.79.

Airbnb Stock Up 14.4 %

NASDAQ ABNB opened at $161.42 on Friday. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a market capitalization of $102.34 billion, a PE ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50-day moving average is $133.49 and its 200 day moving average is $130.11.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. Sell-side analysts forecast that Airbnb will post 3.97 earnings per share for the current year.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 190,301 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the completion of the sale, the chief executive officer now owns 12,231,685 shares of the company’s stock, valued at $1,718,674,059.35. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,608,005 shares of company stock worth $214,394,023. 27.83% of the stock is owned by insiders.

Institutional Trading of Airbnb

Several hedge funds have recently bought and sold shares of ABNB. Meiji Yasuda Life Insurance Co lifted its position in shares of Airbnb by 56.4% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 3,523 shares of the company’s stock valued at $463,000 after buying an additional 1,270 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Airbnb during the 4th quarter worth approximately $4,139,000. Davidson Kahn Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $936,000. Comerica Bank lifted its holdings in Airbnb by 10.2% during the fourth quarter. Comerica Bank now owns 93,890 shares of the company’s stock valued at $12,338,000 after purchasing an additional 8,719 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in shares of Airbnb by 0.3% in the fourth quarter. Utah Retirement Systems now owns 60,100 shares of the company’s stock worth $7,898,000 after purchasing an additional 200 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.