Susquehanna Raises Airbnb (NASDAQ:ABNB) Price Target to $160.00

Airbnb (NASDAQ:ABNB) had its target price hoisted by Susquehanna from $130.00 to $160.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

A number of other equities analysts have also recently issued reports on ABNB. BMO Capital Markets dropped their target price on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Argus cut Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Sanford C. Bernstein decreased their price target on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. Bank of America restated a “hold” rating and set a $142.00 price target (up from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Finally, Truist Financial decreased their price target on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $139.31.

Airbnb Trading Up 1.4 %

Airbnb stock opened at $134.56 on Monday. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $130.25 and a two-hundred day moving average price of $136.96. The stock has a market cap of $86.34 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company posted $2.39 earnings per share. As a group, equities analysts forecast that Airbnb will post 4.04 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the sale, the chief financial officer now owns 537,072 shares of the company’s stock, valued at $64,448,640. This trade represents a 1.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb 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 sale, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is owned by company insiders.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Airbnb by 138.4% in the 1st quarter. Empowered Funds LLC now owns 10,271 shares of the company’s stock valued at $1,694,000 after acquiring an additional 5,962 shares in the last quarter. Choate Investment Advisors bought a new position in shares of Airbnb in the 1st quarter valued at about $233,000. NorthRock Partners LLC bought a new position in shares of Airbnb in the 1st quarter valued at about $210,000. QRG Capital Management Inc. grew its holdings in shares of Airbnb by 8.5% in the 1st quarter. QRG Capital Management Inc. now owns 24,425 shares of the company’s stock valued at $4,029,000 after acquiring an additional 1,917 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Airbnb by 0.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,617 shares of the company’s stock valued at $15,773,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds 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.