UBS Group Raises Airbnb (NASDAQ:ABNB) Price Target to $144.00

Airbnb (NASDAQ:ABNB) had its price target upped by UBS Group from $134.00 to $144.00 in a research note issued to investors on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. Wedbush cut their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Robert W. Baird reduced their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley boosted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. TD Cowen dropped their target price on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. Five 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. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $135.35.

Airbnb Trading Up 1.4 %

Shares of Airbnb stock opened at $134.58 on Wednesday. The firm has a market cap of $86.68 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The company’s 50-day simple moving average is $124.60 and its 200-day simple moving average is $139.37. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25.

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

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Brian Chesky sold 38,460 shares of Airbnb stock in a transaction on Monday, October 14th. The stock was sold at an average price of $133.97, for a total value of $5,152,486.20. Following the transaction, the chief executive officer now owns 13,200,529 shares in the company, valued at approximately $1,768,474,870.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This 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 406,171 shares of company stock valued at $50,208,253 over the last quarter. Company insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Several large investors have recently made changes to their positions in the business. Miracle Mile Advisors LLC increased its holdings in Airbnb by 0.7% in the 1st 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 in the last quarter. Farrow Financial Inc. raised 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 valued at $1,087,000 after buying an additional 69 shares during the period. Heritage Wealth Advisors lifted its position in Airbnb by 55.0% during the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after acquiring an additional 71 shares in the last quarter. GYL Financial Synergies LLC boosted its holdings in Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares during the period. Finally, HB Wealth Management LLC grew its position in Airbnb by 1.6% in the second quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after acquiring an additional 76 shares in 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.