Airbnb (NASDAQ:ABNB) Price Target Raised to $155.00 at Evercore ISI

Airbnb (NASDAQ:ABNB) had its price objective increased by Evercore ISI to $155.00 in a report released on Wednesday,Stock Target Advisor reports. Evercore ISI currently has a hold rating on the stock.

A number of other research firms have also issued reports on ABNB. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Wedbush raised their target price on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Raymond James initiated coverage on Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Finally, Piper Sandler lifted their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $139.81.

Airbnb Stock Up 3.9 %

Shares of ABNB stock opened at $132.52 on Wednesday. The stock’s 50 day simple moving average is $134.62 and its 200 day simple moving average is $132.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market capitalization of $84.01 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released 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). The business 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 32.88%. During the same period last year, the business earned $2.39 EPS. As a group, research analysts predict that Airbnb will post 3.99 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the sale, the chief technology officer now owns 192,844 shares in the company, valued at $26,247,996.84. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David C. Bernstein sold 1,000 shares of the business’s 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 sale, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 915,997 shares of company stock worth $122,800,660. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. Pacer Advisors Inc. raised its position in shares of Airbnb by 6,085.6% during the third 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 last quarter. Meritage Group LP bought a new stake in shares of Airbnb during the third quarter worth $160,985,000. Edgewood Management LLC raised its position in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after purchasing an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd grew its stake in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after purchasing an additional 1,109,076 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.