Airbnb (NASDAQ:ABNB) Price Target Raised to $130.00 at Morgan Stanley

Airbnb (NASDAQ:ABNB) had its price target hoisted by Morgan Stanley from $125.00 to $130.00 in a research report report published on Thursday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

Several other analysts have also issued reports on the company. Wedbush reissued an “outperform” rating and set a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Benchmark increased their price target on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Truist Financial lowered their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $146.94.

Airbnb Price Performance

NASDAQ:ABNB opened at $112.70 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $71.06 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb has a 52 week low of $99.88 and a 52 week high of $166.74. The firm’s 50-day simple moving average is $129.62 and its 200 day simple moving average is $132.40.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Airbnb will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the sale, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,037,307 shares of company stock worth $280,842,374 over the last three months. 27.83% of the stock is owned by company insiders.

Institutional Trading of Airbnb

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