Airbnb (NASDAQ:ABNB – Get Rating) had its price objective hoisted by analysts at Bank of America from $125.00 to $130.00 in a research note issued to investors on Wednesday, The Fly reports. Bank of America‘s target price indicates a potential upside of 24.84% from the stock’s current price.
A number of other brokerages have also recently issued reports on ABNB. The Goldman Sachs Group lowered their price objective on Airbnb from $98.00 to $87.00 and set a “sell” rating on the stock in a research note on Friday, January 13th. UBS Group lifted their price objective on shares of Airbnb from $112.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday. Susquehanna Bancshares dropped their target price on Airbnb from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Wednesday, November 2nd. Mizuho reduced their target price on Airbnb from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, January 5th. Finally, Morgan Stanley lowered shares of Airbnb from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $110.00 to $80.00 in a research report on Tuesday, December 6th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $135.19.
Airbnb Stock Down 1.0 %
Airbnb stock opened at $104.13 on Wednesday. The firm has a 50 day moving average price of $93.72 and a 200-day moving average price of $104.90. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. Airbnb has a twelve month low of $81.91 and a twelve month high of $191.73. The company has a market capitalization of $66.89 billion, a P/E ratio of 43.39, a P/E/G ratio of 1.75 and a beta of 1.01.
In related news, CTO Aristotle N. Balogh sold 5,250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $100.00, for a total transaction of $525,000.00. Following the transaction, the chief technology officer now directly owns 197,046 shares in the company, valued at approximately $19,704,600. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Airbnb news, Director Joseph Gebbia sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $106.96, for a total transaction of $26,740,000.00. Following the completion of the transaction, the director now owns 750,101 shares of the company’s stock, valued at approximately $80,230,802.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 5,250 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $100.00, for a total value of $525,000.00. Following the completion of the sale, the chief technology officer now owns 197,046 shares of the company’s stock, valued at approximately $19,704,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 567,272 shares of company stock valued at $57,037,738. Insiders own 32.69% of the company’s stock.
Institutional Trading of Airbnb
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in Airbnb by 818.2% in the 4th quarter. International Assets Investment Management LLC now owns 65,186 shares of the company’s stock worth $3,571,000 after purchasing an additional 58,087 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in Airbnb in the fourth quarter worth about $478,000. National Bank of Canada FI lifted its holdings in Airbnb by 187.3% in the fourth quarter. National Bank of Canada FI now owns 224,354 shares of the company’s stock worth $19,190,000 after buying an additional 146,275 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in Airbnb by 4.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,821 shares of the company’s stock valued at $1,182,000 after acquiring an additional 580 shares in the last quarter. Finally, RFP Financial Group LLC purchased a new position in shares of Airbnb during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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