Airbnb (NASDAQ:ABNB) Given New $170.00 Price Target at DA Davidson

Airbnb (NASDAQ:ABNB) had its target price upped by research analysts at DA Davidson from $131.00 to $170.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target would indicate a potential upside of 20.53% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Barclays upped their price target on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and increased their price target for the company from $110.00 to $153.00 in a research report on Friday. TD Cowen upped their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.55.

Airbnb Price Performance

Shares of ABNB opened at $141.04 on Friday. The stock has a market cap of $89.42 billion, a P/E ratio of 49.49, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50-day moving average price is $133.00 and its two-hundred day moving average price is $130.02. 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 released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, equities analysts predict that Airbnb will post 3.97 earnings per share for the current year.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,704 shares of company stock valued at $187,654,829 in the last 90 days. 27.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Large investors have recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the third quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in Airbnb during the 4th quarter worth about $25,000. Hollencrest Capital Management grew its position in shares of Airbnb by 6,666.7% in the 3rd 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. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the third quarter valued at about $30,000. 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.