Airbnb (NASDAQ:ABNB) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Airbnb (NASDAQ:ABNB) had its price objective boosted by stock analysts at Robert W. Baird from $120.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 4.00% from the stock’s previous close.

Several other brokerages have also weighed in on ABNB. Truist Financial reduced their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Susquehanna lowered their price target on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reduced their price objective on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Raymond James assumed coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. Finally, TD Cowen reduced their price target on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $139.26.

Airbnb Stock Performance

Shares of ABNB opened at $134.61 on Friday. The stock has a 50 day moving average of $129.14 and a 200 day moving average of $137.72. The company has a market capitalization of $86.37 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.99 and a beta of 1.15. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at $2,259,958.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the transaction, the chief technology officer now owns 192,244 shares in the company, valued at $26,016,380.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 417,806 shares of company stock worth $51,809,831. Corporate insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after buying an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after acquiring an additional 1,684,646 shares in the last quarter. Farallon Capital Management LLC acquired a new position in shares of Airbnb during the first quarter worth about $265,292,000. International Assets Investment Management LLC raised its holdings in Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after purchasing an additional 1,113,747 shares in the last quarter. Finally, Swedbank AB purchased a new position in Airbnb during the first quarter worth about $175,496,000. Institutional investors and hedge funds 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.