Airbnb (NASDAQ:ABNB) Price Target Raised to $190.00 at Canaccord Genuity Group

Airbnb (NASDAQ:ABNB) had its target price increased by Canaccord Genuity Group from $165.00 to $190.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 19.59% from the company’s previous close.

Several other analysts have also recently issued reports on ABNB. Evercore ISI raised their target price on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $153.00 in a research note on Friday. Finally, Citigroup raised their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $144.91.

Airbnb Stock Up 12.6 %

ABNB opened at $158.87 on Friday. The company has a market cap of $100.72 billion, a P/E ratio of 55.47, a P/E/G ratio of 1.88 and a beta of 1.12. The business’s 50-day moving average price is $133.00 and its 200-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 has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, equities analysts expect that Airbnb will post 3.97 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction 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. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 Investors Weigh In On Airbnb

Hedge funds have recently added to or reduced their stakes in the stock. CX Institutional increased its stake in shares of Airbnb by 17.1% in the 3rd quarter. CX Institutional now owns 1,679 shares of the company’s stock worth $213,000 after purchasing an additional 245 shares in the last quarter. Creative Planning increased its stake in shares of Airbnb by 44.0% in the 3rd quarter. Creative Planning now owns 70,442 shares of the company’s stock worth $8,808,000 after purchasing an additional 21,518 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Airbnb by 40.2% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock worth $372,000 after purchasing an additional 840 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in shares of Airbnb by 277.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,194 shares of the company’s stock worth $2,307,000 after purchasing an additional 13,377 shares in the last quarter. Finally, TriaGen Wealth Management LLC increased its stake in shares of Airbnb by 17.5% in the 3rd quarter. TriaGen Wealth Management LLC now owns 16,712 shares of the company’s stock worth $2,119,000 after purchasing an additional 2,492 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.