Evercore ISI Forecasts Strong Price Appreciation for Airbnb (NASDAQ:ABNB) Stock

Airbnb (NASDAQ:ABNB - Free Report) had its price target lifted by Evercore ISI to $155.00 in a report published on Wednesday,Stock Target Advisor reports. Evercore ISI currently has a hold rating on the stock.

ABNB has been the subject of several other research reports. Wedbush lifted their price objective on Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Barclays upped their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Benchmark restated a "buy" rating and set a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Raymond James assumed coverage on shares of Airbnb in a research note on Friday, September 27th. They set a "market perform" rating and a $134.00 price target on the stock. Finally, Morgan Stanley raised their target price on Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a report on Monday. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $139.81.

Airbnb Stock Up 3.9 %

Shares of Airbnb stock traded up $4.92 on Wednesday, reaching $132.52. The company's stock had a trading volume of 3,728,072 shares, compared to its average volume of 3,714,674. The company has a market capitalization of $84.01 billion, a price-to-earnings ratio of 46.50, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The firm's fifty day simple moving average is $134.62 and its two-hundred day simple moving average is $132.22.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the business earned $2.39 EPS. Equities analysts anticipate that Airbnb will post 3.99 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 40,581 shares of the company's stock, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the sale, the chief technology officer now owns 192,244 shares of the company's stock, valued at $26,016,380.52. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 915,997 shares of company stock worth $122,800,660. 27.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently made changes to their positions in ABNB. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. Hollencrest Capital Management increased its holdings in 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 buying an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in Airbnb in the third quarter worth approximately $30,000. Quarry LP purchased a new stake in Airbnb during the third quarter worth $55,000. Finally, CVA Family Office LLC boosted its position in Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company's stock valued at $60,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors 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.