Barclays Increases Airbnb (NASDAQ:ABNB) Price Target to $110.00

Airbnb (NASDAQ:ABNB) had its price objective lifted by Barclays from $100.00 to $110.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other research analysts have also recently issued reports on ABNB. Benchmark reissued a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Truist Financial reduced their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. TD Cowen upped their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada lowered their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $139.94.

Airbnb Price Performance

NASDAQ ABNB opened at $137.40 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50 day moving average price is $129.54 and its 200-day moving average price is $137.20. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a market cap of $88.16 billion, a PE ratio of 48.21, a P/E/G ratio of 1.90 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 33.36%. During the same quarter last year, the business earned $2.39 earnings per share. Sell-side analysts forecast that Airbnb will post 4.07 EPS for the current fiscal year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the 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 owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock worth $51,809,831 in the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb in the first quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the third quarter valued at approximately $25,000. Hollencrest Capital Management raised its position in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the second quarter valued at approximately $28,000. Finally, Cultivar Capital Inc. acquired a new position in shares of Airbnb in the second quarter valued at approximately $30,000. Hedge funds and other 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.