Airbnb (NASDAQ:ABNB) PT Raised to $145.00

Airbnb (NASDAQ:ABNB) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $140.00 to $145.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 1.39% from the company’s current price.

A number of other equities research analysts also recently commented on ABNB. Wells Fargo & Company upped their price objective on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. Piper Sandler reissued a “neutral” rating and issued a $155.00 price objective (up from $145.00) on shares of Airbnb in a research report on Thursday. UBS Group lifted their price objective on shares of Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Cowen cut their target price on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, B. Riley began coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $151.91.

Airbnb Stock Down 6.9 %

Shares of ABNB traded down $10.85 during mid-day trading on Thursday, hitting $147.05. 14,791,206 shares of the company’s stock were exchanged, compared to its average volume of 4,584,189. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $95.15 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.12 and a beta of 1.24. Airbnb has a twelve month low of $103.55 and a twelve month high of $170.10. The firm has a fifty day moving average of $161.68 and a two-hundred day moving average of $145.50.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts forecast that Airbnb will post 4.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the completion of the transaction, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Airbnb news, CFO Elinor Mertz sold 9,196 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the completion of the transaction, the chief financial officer now owns 535,530 shares in the company, valued at approximately $83,949,682.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 76,912 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. The disclosure for this sale can be found here. Insiders sold 396,874 shares of company stock valued at $63,712,671 in the last three months. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the business. CVA Family Office LLC acquired a new position in Airbnb in the 4th quarter valued at $26,000. Trust Co. of Vermont bought a new stake in shares of Airbnb in the fourth quarter worth $27,000. Orion Capital Management LLC bought a new stake in Airbnb in the third quarter valued at about $27,000. Bfsg LLC bought a new position in Airbnb during the fourth quarter worth $27,000. Finally, Westend Capital Management LLC acquired a new position in shares of Airbnb in the 1st quarter valued at about $33,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.