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

Airbnb (NASDAQ:ABNB) had its price objective boosted by Morgan Stanley from $125.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 15.25% from the stock’s previous close.

A number of other research analysts also recently commented on ABNB. B. Riley increased their price objective on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Benchmark increased their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Finally, Canaccord Genuity Group raised their price objective on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $146.94.

Airbnb Stock Up 0.1 %

Shares of ABNB stock traded up $0.16 during trading on Thursday, reaching $112.80. The company’s stock had a trading volume of 1,236,202 shares, compared to its average volume of 4,750,878. The company has a market capitalization of $71.13 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb has a 1-year low of $99.88 and a 1-year high of $166.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s 50-day moving average price is $130.07 and its 200 day moving average price is $132.49.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts anticipate that Airbnb will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares of the company’s stock, valued at approximately $24,833,547.58. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59. Following the transaction, the chief executive officer now directly owns 12,460,447 shares in the company, valued at approximately $1,659,606,935.93. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,036,607 shares of company stock valued at $280,762,098 over the last three months. Company insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the fourth quarter worth $26,000. Park Square Financial Group LLC acquired a new stake in Airbnb during the fourth quarter valued at $26,000. Orion Capital Management LLC purchased a new position in Airbnb in the fourth quarter valued at about $28,000. Finally, Graney & King LLC purchased a new stake in shares of Airbnb during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

About Airbnb

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.