DA Davidson Boosts Airbnb (NASDAQ:ABNB) Price Target to $170.00

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

Several other research analysts also recently commented on ABNB. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $153.00 in a research report on Friday. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research report on Friday. Benchmark reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. 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, November 8th. Five investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $143.55.

Airbnb Price Performance

NASDAQ ABNB opened at $141.04 on Friday. The company has a market cap of $89.42 billion, a P/E ratio of 49.49, a P/E/G 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 company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $133.00 and a 200 day simple moving average of $130.02.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (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, sell-side analysts predict that Airbnb will post 3.97 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,704 shares of company stock worth $187,654,829 in the last three months. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the third quarter worth $25,000. Golden State Wealth Management LLC acquired a new stake in Airbnb in the fourth quarter worth about $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Berbice Capital Management LLC acquired a new position in Airbnb during the 4th quarter valued at about $26,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds 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.