Airbnb (NASDAQ:ABNB) Price Target Raised to $145.00 at B. Riley

Airbnb (NASDAQ:ABNB) had its price target upped by B. Riley from $131.00 to $145.00 in a report issued on Friday,Benzinga reports. B. Riley currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on ABNB. Morgan Stanley raised their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $145.79.

Airbnb Price Performance

Airbnb stock opened at $161.42 on Friday. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market capitalization of $102.34 billion, a P/E ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. The firm’s 50-day moving average is $133.49 and its two-hundred day moving average is $130.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

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, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Equities analysts predict that Airbnb will post 3.97 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The stock was 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 directly owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This represents a 95.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,608,005 shares of company stock valued at $214,394,023. 27.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in Airbnb in the fourth quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in Airbnb in the third quarter worth $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter valued at $26,000. Hollencrest Capital Management boosted its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter valued at $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.