Airbnb (NASDAQ:ABNB) had its target price lifted by stock analysts at Stifel Nicolaus from $145.00 to $160.00 in a report issued on Thursday, The Fly reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price target points to a potential downside of 8.49% from the company's previous close.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Airbnb from a "buy" rating to a "hold" rating in a report on Thursday, August 12th. Loop Capital increased their price target on Airbnb from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, October 1st. HSBC increased their price target on Airbnb from $210.00 to $219.00 and gave the company a "buy" rating in a research report on Friday, August 13th. Morgan Stanley reissued a "hold" rating and issued a $140.00 price target on shares of Airbnb in a research report on Wednesday, September 15th. Finally, Wells Fargo & Company raised their target price on Airbnb from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 13th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $172.56.
Shares of Airbnb stock traded up $1.27 on Thursday, reaching $174.85. 18,316 shares of the company's stock were exchanged, compared to its average volume of 5,153,696. The company has a market capitalization of $109.92 billion and a P/E ratio of -11.27. Airbnb has a 52 week low of $121.50 and a 52 week high of $219.94. The firm's 50-day moving average is $160.58 and its two-hundred day moving average is $156.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 1.48.
Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Wednesday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.47) by $0.36. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. On average, analysts expect that Airbnb will post -0.27 EPS for the current fiscal year.
In other Airbnb news, Director Belinda J. Johnson sold 50,000 shares of the business's stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $159.00, for a total value of $7,950,000.00. Following the sale, the director now directly owns 5,074 shares of the company's stock, valued at $806,766. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 4,000 shares of the business's stock in a transaction on Friday, October 1st. The stock was sold at an average price of $170.31, for a total value of $681,240.00. The disclosure for this sale can be found here. Insiders have sold 1,477,941 shares of company stock worth $222,969,514 over the last three months. Insiders own 36.30% of the company's stock.
Institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its stake in shares of Airbnb by 265.8% in the second quarter. Jennison Associates LLC now owns 12,287,037 shares of the company's stock worth $1,881,637,000 after purchasing an additional 8,928,106 shares during the last quarter. FMR LLC raised its stake in shares of Airbnb by 180.6% in the second quarter. FMR LLC now owns 10,104,129 shares of the company's stock worth $1,547,347,000 after purchasing an additional 6,503,302 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Airbnb by 133.1% in the second quarter. Vanguard Group Inc. now owns 7,903,159 shares of the company's stock worth $1,210,289,000 after purchasing an additional 4,513,275 shares during the last quarter. Greylock Xiii GP LLC purchased a new position in shares of Airbnb in the second quarter worth $862,284,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Airbnb by 2,034.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,140,150 shares of the company's stock worth $787,163,000 after purchasing an additional 4,899,386 shares during the last quarter. 25.22% of the stock is currently owned by institutional investors and hedge funds.
Airbnb, Inc, together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.
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