DA Davidson Increases Airbnb (NASDAQ:ABNB) Price Target to $131.00

Airbnb (NASDAQ:ABNB) had its price target raised by equities researchers at DA Davidson from $125.00 to $131.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential downside of 0.89% from the stock’s previous close.

A number of other analysts have also weighed in on ABNB. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. UBS Group upped their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Raymond James assumed coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target on the stock. Finally, Truist Financial cut their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $138.97.

Airbnb Trading Down 0.2 %

Shares of NASDAQ ABNB traded down $0.33 during trading hours on Monday, reaching $132.17. The stock had a trading volume of 831,790 shares, compared to its average volume of 4,498,958. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market cap of $83.79 billion, a price-to-earnings ratio of 46.38, a P/E/G ratio of 1.87 and a beta of 1.15. The business’s fifty day moving average price is $130.99 and its two-hundred day moving average price is $136.44. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the company earned $2.39 EPS. Analysts expect that Airbnb will post 4.04 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. This represents a 72.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is owned by corporate insiders.

Institutional Trading of Airbnb

Hedge funds have recently bought and sold shares of the business. Farrow Financial Inc. increased its holdings in shares of Airbnb by 1.0% during the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after buying an additional 69 shares during the last quarter. GYL Financial Synergies LLC increased its holdings in shares of Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after buying an additional 76 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after buying an additional 76 shares during the last quarter. Optas LLC increased its holdings in shares of Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after buying an additional 78 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.