Airbnb (NASDAQ:ABNB) Given New $145.00 Price Target at Piper Sandler

Airbnb (NASDAQ:ABNB) had its price target upped by stock analysts at Piper Sandler from $125.00 to $145.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target points to a potential downside of 1.61% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ABNB. Morgan Stanley lifted their target price on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Monday, August 26th. Wedbush lowered their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Susquehanna lowered their price objective on Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research note on Wednesday, August 7th. Finally, Argus cut Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $136.65.

Airbnb Trading Up 4.6 %

NASDAQ ABNB opened at $147.37 on Friday. The stock has a market capitalization of $94.56 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.93 and a beta of 1.15. Airbnb has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The business’s fifty day moving average is $128.79 and its 200-day moving average is $137.88.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Equities research analysts predict that Airbnb will post 4.17 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on 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 owns 198,244 shares of the company’s stock, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock valued at $51,809,831 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in shares of Airbnb during the first quarter valued at approximately $25,000. New Millennium Group LLC bought a new position in shares of Airbnb during the second quarter valued at approximately $28,000. Heritage Wealth Advisors raised its holdings in shares of Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Airbnb during the first quarter valued at approximately $33,000. Finally, Cultivar Capital Inc. bought a new position in shares of Airbnb during the second quarter valued at approximately $30,000. Institutional investors 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.