Airbnb (NASDAQ:ABNB) Given New $125.00 Price Target at Morgan Stanley

Airbnb (NASDAQ:ABNB) had its target price increased by Morgan Stanley from $115.00 to $125.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other equities analysts have also recently commented on the stock. TD Cowen lifted their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group boosted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Bank of America raised their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $139.32.

Airbnb Trading Down 0.6 %

Shares of Airbnb stock opened at $128.85 on Monday. The company has a market capitalization of $81.69 billion, a P/E ratio of 45.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The stock has a fifty day simple moving average of $134.82 and a 200 day simple moving average of $132.39. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the firm earned $2.39 earnings per share. On average, sell-side analysts anticipate that Airbnb will post 3.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now owns 16,472 shares in the company, valued at $2,259,958.40. This trade represents a 41.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total transaction of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 915,997 shares of company stock valued at $122,800,660 over the last 90 days. Insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Edgewood Management LLC increased its stake in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. Geode Capital Management LLC grew its holdings in shares of Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares during the period. Legal & General Group Plc raised its holdings in Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Airbnb by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after buying an additional 52,358 shares during the period. 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.