Airbnb (NASDAQ:ABNB) PT Raised to $135.00 at Jefferies Financial Group

Airbnb (NASDAQ:ABNB) had its price target upped by Jefferies Financial Group from $120.00 to $135.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 2.33% from the company’s previous close.

A number of other research firms also recently issued reports on ABNB. Raymond James started coverage on Airbnb in a research note on Friday, September 27th. They set a “market perform” rating and a $134.00 price target on the stock. TD Cowen dropped their price target on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets dropped their price target on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $135.35.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $131.92 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market capitalization of $84.96 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The stock’s 50-day simple moving average is $124.01 and its 200-day simple moving average is $139.47.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business posted $0.98 EPS. Airbnb’s revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that Airbnb will post 4.33 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total value of $80,106.00. Following the completion of the transaction, the chief technology officer now directly owns 193,444 shares of the company’s stock, valued at $25,826,708.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total value of $80,106.00. Following the completion of the transaction, the chief technology officer now directly owns 193,444 shares of the company’s stock, valued at approximately $25,826,708.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 405,571 shares of company stock valued at $50,126,587 over the last three months. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Joel Isaacson & Co. LLC grew its position in shares of Airbnb by 2.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after purchasing an additional 67 shares during the period. Miracle Mile Advisors LLC grew its position in shares of Airbnb by 0.7% in the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares during the period. Farrow Financial Inc. grew its position in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares during the period. Heritage Wealth Advisors grew its position in shares of Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares during the period. Finally, GYL Financial Synergies LLC grew its position in shares of Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares during the period. Hedge funds and other 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.