Airbnb (NASDAQ:ABNB) Given New $130.00 Price Target at Morgan Stanley

Airbnb (NASDAQ:ABNB - Get Free Report) had its price target upped by analysts at Morgan Stanley from $125.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 13.13% from the stock's current price.

A number of other research firms also recently commented on ABNB. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research note on Friday, February 14th. Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on shares of Airbnb from $134.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, April 7th. UBS Group raised their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, DA Davidson increased their price objective on Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Airbnb has a consensus rating of "Hold" and an average price target of $146.94.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $3.30 during midday trading on Thursday, reaching $114.91. 4,807,511 shares of the company traded hands, compared to its average volume of 4,777,090. The stock has a 50-day moving average price of $128.61 and a 200 day moving average price of $132.27. The company has a market cap of $72.46 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb has a 52 week low of $99.88 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts anticipate that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the completion of the sale, the chief executive officer now directly owns 12,421,986 shares of the company's stock, valued at approximately $1,613,243,321.82. This represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $114.68, for a total transaction of $80,276.00. Following the transaction, the chief technology officer now directly owns 222,822 shares of the company's stock, valued at approximately $25,553,226.96. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,998,146 shares of company stock valued at $275,624,925. Insiders own 27.83% of the company's stock.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the 4th quarter worth about $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in Airbnb in the 4th quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $28,000. Finally, Graney & King LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds 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.