Airbnb (NASDAQ:ABNB) Price Target Raised to $142.00 at JPMorgan Chase & Co.

Airbnb (NASDAQ:ABNB) had its price target upped by JPMorgan Chase & Co. from $121.00 to $142.00 in a report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on ABNB. Sanford C. Bernstein cut their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, September 17th. Wells Fargo & Company raised their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Susquehanna cut their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th. Mizuho lowered their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Finally, Bank of America reissued a “hold” rating and issued a $142.00 price objective (up from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $139.94.

Airbnb Trading Up 2.1 %

Airbnb stock opened at $137.40 on Friday. The firm has a 50-day moving average of $129.54 and a 200-day moving average of $137.20. Airbnb has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $88.16 billion, a price-to-earnings ratio of 48.21, a P/E/G ratio of 1.90 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 33.36% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 earnings per share. On average, equities analysts expect that Airbnb will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,083,378.56. 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 at this link. In other news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 417,806 shares of company stock valued at $51,809,831. Corporate insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ABNB. MTM Investment Management LLC bought a new position in Airbnb in the 3rd quarter worth approximately $925,000. First Horizon Advisors Inc. raised its position in shares of Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Airbnb by 11.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,368 shares of the company’s stock valued at $1,822,000 after buying an additional 1,479 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Airbnb in the 3rd quarter worth $34,982,000. Finally, Commerce Bank raised its position in Airbnb by 14.2% in the 3rd quarter. Commerce Bank now owns 21,338 shares of the company’s stock worth $2,706,000 after purchasing an additional 2,658 shares during the period. 80.76% of the stock is owned by 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.