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

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

Other equities research analysts also recently issued research reports about the company. Truist Financial lowered 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. Bank of America reissued a “hold” rating and set a $142.00 price objective (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. TD Cowen increased their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday. Six investment 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 presently has an average rating of “Hold” and a consensus price target of $139.31.

Airbnb Price Performance

NASDAQ:ABNB traded down $3.11 during trading hours on Monday, hitting $134.29. The stock had a trading volume of 760,725 shares, compared to its average volume of 4,480,285. The company has a 50 day simple moving average of $129.54 and a two-hundred day simple moving average of $137.20. The firm has a market capitalization of $86.16 billion, a price-to-earnings ratio of 48.21, a P/E/G ratio of 1.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 33.36% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company posted $2.39 earnings per share. Research analysts forecast that Airbnb will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated 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 in the company, 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 SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock valued at $51,809,831 over the last three months. Insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. MTM Investment Management LLC purchased a new stake in shares of Airbnb in the third quarter worth $925,000. First Horizon Advisors Inc. raised its holdings in Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares during the period. Advisors Asset Management Inc. grew its position in shares of Airbnb by 11.5% during the third quarter. Advisors Asset Management Inc. now owns 14,368 shares of the company’s stock worth $1,822,000 after purchasing an additional 1,479 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Airbnb during the 3rd quarter valued at approximately $34,982,000. Finally, Commerce Bank lifted its holdings in Airbnb by 14.2% in the 3rd quarter. Commerce Bank now owns 21,338 shares of the company’s stock worth $2,706,000 after purchasing an additional 2,658 shares in the last quarter. Hedge funds and other 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.