Bank of America Issues Positive Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb (NASDAQ:ABNB - Free Report) had its target price hoisted by Bank of America from $154.00 to $159.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Mizuho reduced their price objective on shares of Airbnb from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They set a "market perform" rating and a $134.00 target price for the company. Argus lowered Airbnb from a "buy" rating to a "hold" rating in a research note on Wednesday, September 4th. Robert W. Baird raised their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Barclays increased their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $139.48.

Airbnb Trading Down 3.6 %

Shares of Airbnb stock traded down $4.70 during trading on Wednesday, hitting $127.54. The company's stock had a trading volume of 4,229,959 shares, compared to its average volume of 4,511,110. The stock has a market cap of $80.86 billion, a price-to-earnings ratio of 44.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a 50-day moving average price of $135.78 and a two-hundred day moving average price of $134.45. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates 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 company posted $2.39 EPS. Equities research analysts anticipate that Airbnb will post 3.99 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $130.58, for a total transaction of $78,348.00. Following the sale, the chief technology officer now owns 195,244 shares of the company's stock, valued at $25,494,961.52. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David C. Bernstein sold 1,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares of the company's stock, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 550,307 shares of company stock valued at $72,926,063 in the last 90 days. Insiders own 27.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Brookstone Capital Management grew its stake in Airbnb by 14.8% during the second quarter. Brookstone Capital Management now owns 2,220 shares of the company's stock valued at $329,000 after acquiring an additional 287 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Airbnb by 55.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,030 shares of the company's stock worth $308,000 after purchasing an additional 726 shares during the period. Fifth Third Bancorp raised its position in shares of Airbnb by 85.2% in the second quarter. Fifth Third Bancorp now owns 22,844 shares of the company's stock worth $3,464,000 after buying an additional 10,507 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Airbnb by 3.3% during the second quarter. Atria Wealth Solutions Inc. now owns 18,887 shares of the company's stock valued at $2,864,000 after buying an additional 610 shares during the period. Finally, GYL Financial Synergies LLC grew its position in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company's stock worth $241,000 after buying an additional 76 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.