Airbnb (NASDAQ:ABNB) Given New $125.00 Price Target at Morgan Stanley

Airbnb (NASDAQ:ABNB - Free Report) had its target price raised by Morgan Stanley from $115.00 to $125.00 in a research report sent to investors on Monday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group raised their price objective on Airbnb from $120.00 to $135.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. Raymond James assumed coverage on Airbnb in a report on Friday, September 27th. They issued a "market perform" rating and a $134.00 price objective for the company. Bank of America boosted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a "neutral" 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $139.32.

Airbnb Trading Down 0.6 %

NASDAQ ABNB traded down $0.78 during trading on Monday, reaching $128.85. 3,406,697 shares of the stock traded hands, compared to its average volume of 3,659,257. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market cap of $81.69 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The stock's 50-day moving average price is $134.98 and its 200 day moving average price is $132.55.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its 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 business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the company posted $2.39 earnings per share. Analysts predict that Airbnb will post 3.99 EPS for the current year.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the sale, the chief technology officer now owns 192,844 shares of the company's stock, valued at approximately $26,247,996.84. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the business's stock in a transaction dated 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 directly owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 916,597 shares of company stock valued at $122,880,766 over the last quarter. 27.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new stake in Airbnb in the third quarter valued at $25,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% in 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. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the third quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of Airbnb during the third quarter worth approximately $55,000. Finally, CVA Family Office LLC lifted its holdings in shares of Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company's stock worth $60,000 after purchasing an additional 269 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.