Airbnb (NASDAQ:ABNB) PT Raised to $130.00

Airbnb (NASDAQ:ABNB) had its price objective boosted by Morgan Stanley from $120.00 to $130.00 in a research report released on Tuesday, Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Mizuho upgraded shares of Airbnb from a neutral rating to a buy rating and increased their price objective for the company from $150.00 to $200.00 in a research report on Wednesday, April 24th. Needham & Company LLC restated a hold rating on shares of Airbnb in a report on Thursday, May 9th. HSBC lowered shares of Airbnb from a buy rating to a hold rating and lowered their target price for the stock from $160.00 to $156.00 in a report on Thursday, May 9th. Wells Fargo & Company raised their target price on shares of Airbnb from $127.00 to $129.00 and gave the stock an underweight rating in a report on Tuesday, July 9th. Finally, Piper Sandler Companies raised their target price on shares of Airbnb from $145.00 to $155.00 and gave the stock a neutral rating in a report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of Hold and a consensus price target of $152.50.

Airbnb Price Performance

ABNB stock opened at $140.10 on Tuesday. Airbnb has a 52 week low of $113.24 and a 52 week high of $170.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $147.78 and a two-hundred day simple moving average of $152.14. The firm has a market capitalization of $90.23 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $0.18 earnings per share. Airbnb’s quarterly revenue was up 17.8% compared to the same quarter last year. Analysts anticipate that Airbnb will post 4.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total transaction of $96,612.00. Following the transaction, the chief technology officer now directly owns 220,504 shares of the company’s stock, valued at $35,505,554.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total transaction of $96,612.00. Following the transaction, the chief technology officer now directly owns 220,504 shares of the company’s stock, valued at approximately $35,505,554.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the sale, the chief accounting officer now owns 47,043 shares of the company’s stock, valued at $6,915,321. The disclosure for this sale can be found here. Insiders sold a total of 736,092 shares of company stock worth $109,519,936 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of institutional investors have recently bought and sold shares of the stock. Trajan Wealth LLC boosted its stake in Airbnb by 5.0% in the 2nd quarter. Trajan Wealth LLC now owns 53,509 shares of the company’s stock worth $8,114,000 after purchasing an additional 2,559 shares in the last quarter. Conning Inc. boosted its stake in Airbnb by 34.8% in the 2nd quarter. Conning Inc. now owns 2,055 shares of the company’s stock worth $312,000 after purchasing an additional 531 shares in the last quarter. Worth Financial Advisory Group LLC boosted its stake in Airbnb by 132.5% in the 2nd quarter. Worth Financial Advisory Group LLC now owns 4,280 shares of the company’s stock worth $649,000 after purchasing an additional 2,439 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Airbnb by 6.0% in the 2nd quarter. Atomi Financial Group Inc. now owns 5,504 shares of the company’s stock worth $835,000 after purchasing an additional 310 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Airbnb by 6.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 54,921 shares of the company’s stock worth $8,328,000 after purchasing an additional 3,108 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

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.