DA Davidson Issues Positive Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb (NASDAQ:ABNB) had its price objective lifted by DA Davidson from $125.00 to $131.00 in a report published on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on ABNB. Citigroup upped their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price target on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a report on Monday, October 7th. Finally, UBS Group raised their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $138.97.

Airbnb Stock Performance

Shares of ABNB opened at $132.19 on Monday. The firm has a market capitalization of $83.80 billion, a P/E ratio of 46.38, a P/E/G ratio of 1.87 and a beta of 1.15. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a 50 day moving average price of $131.30 and a two-hundred day moving average price of $136.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the business posted $2.39 earnings per share. Equities analysts forecast that Airbnb will post 4.04 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This represents a 72.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $72,000.00. Following the completion of the transaction, the chief technology officer now owns 195,844 shares in the company, valued at $23,501,280. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 417,206 shares of company stock valued at $51,738,467. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently added to or reduced their stakes in ABNB. TD Private Client Wealth LLC boosted its holdings in shares of Airbnb by 22.0% during the third quarter. TD Private Client Wealth LLC now owns 9,123 shares of the company’s stock worth $1,157,000 after purchasing an additional 1,648 shares during the period. Virtue Capital Management LLC raised its position in Airbnb by 17.6% during the 3rd quarter. Virtue Capital Management LLC now owns 2,740 shares of the company’s stock valued at $347,000 after purchasing an additional 410 shares during the last quarter. Synergy Financial Group LTD lifted its stake in Airbnb by 2.2% in the third quarter. Synergy Financial Group LTD now owns 5,315 shares of the company’s stock worth $674,000 after acquiring an additional 114 shares during the period. First Dallas Securities Inc. boosted its holdings in Airbnb by 25.2% in the third quarter. First Dallas Securities Inc. now owns 8,930 shares of the company’s stock valued at $1,132,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after purchasing an additional 146,761 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.