Airbnb (NASDAQ:ABNB) Price Target Raised to $155.00 at TD Cowen

Airbnb (NASDAQ:ABNB) had its price objective increased by TD Cowen from $150.00 to $155.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on ABNB. Barclays decreased their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Raymond James started coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective for the company. The Goldman Sachs Group reduced their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Bank of America reaffirmed a “hold” rating and issued a $142.00 target price (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Finally, Susquehanna dropped their target price on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $139.26.

Airbnb Stock Performance

ABNB traded down $12.76 during mid-day trading on Friday, reaching $134.61. 19,189,003 shares of the company traded hands, compared to its average volume of 4,490,534. The stock has a market capitalization of $86.37 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.93 and a beta of 1.15. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $129.14 and its 200-day moving average price is $137.72. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, sell-side analysts expect that Airbnb will post 4.17 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at $26,016,380.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total transaction of $81,198.00. Following the completion of the sale, the chief technology officer now directly owns 192,244 shares in the company, valued at approximately $26,016,380.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,806 shares of company stock worth $51,809,831. 27.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Large investors have recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in shares of Airbnb in the 1st quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter valued at $28,000. Finally, Cultivar Capital Inc. acquired a new position in shares of Airbnb in the 2nd quarter valued at $30,000. 80.76% of the stock is 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.