Airbnb (NASDAQ:ABNB) Price Target Raised to $200.00 at Tigress Financial

Airbnb (NASDAQ:ABNB) had its target price increased by Tigress Financial from $195.00 to $200.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on ABNB. Barclays raised their price objective on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. Wells Fargo & Company dropped their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Truist Financial dropped their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $148.15.

Airbnb Stock Performance

Shares of ABNB stock opened at $122.86 on Friday. The company has a 50 day moving average price of $136.23 and a 200-day moving average price of $133.07. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The firm has a market capitalization of $77.47 billion, a PE ratio of 29.75, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts expect that Airbnb will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. The trade was a 9.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the transaction, the chief executive officer now owns 12,537,369 shares in the company, valued at $1,674,741,751.02. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,269,494 shares of company stock worth $318,203,453. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Airbnb during the fourth quarter valued at $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at $26,000. Park Square Financial Group LLC bought a new position in Airbnb during the fourth quarter valued at $26,000. Orion Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at $28,000. Finally, Ashton Thomas Securities LLC bought a new position in Airbnb during the third quarter valued at $30,000. 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.