Airbnb (NASDAQ:ABNB) Stock Price Expected to Rise, Susquehanna Analyst Says

Airbnb (NASDAQ:ABNB) had its target price raised by Susquehanna from $160.00 to $200.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a positive rating on the stock.

A number of other equities analysts have also weighed in on ABNB. Phillip Securities reiterated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Morgan Stanley lifted their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, TD Cowen lifted their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $147.00.

Airbnb Price Performance

Shares of ABNB opened at $160.60 on Tuesday. The firm has a market capitalization of $101.82 billion, a PE ratio of 56.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company’s fifty day moving average price is $134.42 and its 200-day moving average price is $130.45.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, equities research analysts predict that Airbnb will post 3.97 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 19,448 shares of Airbnb stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $137.14, for a total transaction of $2,667,098.72. Following the transaction, the director now owns 2,509 shares in the company, valued at $344,084.26. The trade was a 88.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,384,117 shares of company stock worth $185,055,042. Corporate insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ABNB. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the period. Norges Bank purchased a new position in shares of Airbnb during the 4th quarter worth $433,374,000. Clearbridge Investments LLC raised its holdings in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the period. Two Sigma Advisers LP increased its position in shares of Airbnb by 512.0% during the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after purchasing an additional 2,577,000 shares during the last quarter. Finally, Meritage Group LP acquired a new stake in shares of Airbnb during the 3rd quarter worth about $160,985,000. Hedge funds and other institutional investors 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.