Airbnb (NASDAQ:ABNB) Price Target Increased to $185.00 by Analysts at UBS Group

Airbnb (NASDAQ:ABNBGet Rating) had its target price lifted by UBS Group from $178.00 to $185.00 in a report issued on Wednesday, The Fly reports. UBS Group’s price target would suggest a potential upside of 27.59% from the company’s previous close.

A number of other brokerages have also weighed in on ABNB. JPMorgan Chase & Co. raised their price objective on Airbnb from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, February 16th. Zacks Investment Research lowered Airbnb from a “buy” rating to a “hold” rating in a report on Friday, February 18th. JMP Securities raised their price objective on Airbnb from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, February 16th. Bank of America raised their price objective on Airbnb from $194.00 to $198.00 and gave the company a “neutral” rating in a report on Wednesday, February 16th. Finally, Evercore ISI raised their price objective on Airbnb from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, February 16th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen 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 target price of $198.51.

Shares of NASDAQ:ABNB opened at $145.00 on Wednesday. Airbnb has a 1 year low of $129.71 and a 1 year high of $212.58. The firm has a market capitalization of $93.22 billion, a price-to-earnings ratio of -190.79 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.95 and a quick ratio of 1.95. The business’s 50 day moving average price is $159.55 and its 200-day moving average price is $167.13.

Airbnb (NASDAQ:ABNBGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.24. Airbnb had a negative return on equity of 5.84% and a negative net margin of 5.88%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted ($1.75) EPS. The business’s revenue was up 70.1% on a year-over-year basis. On average, sell-side analysts expect that Airbnb will post 1.39 earnings per share for the current year.

In other Airbnb news, insider Joseph Gebbia sold 27,588 shares of Airbnb stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $151.33, for a total value of $4,174,892.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dave Stephenson sold 766 shares of Airbnb stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $171.92, for a total value of $131,690.72. The disclosure for this sale can be found here. Insiders have sold a total of 723,246 shares of company stock valued at $118,858,067 over the last three months. Corporate insiders own 36.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baldwin Brothers LLC MA acquired a new position in Airbnb in the 4th quarter valued at about $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Airbnb in the 4th quarter valued at about $25,000. Core Wealth Advisors Inc. acquired a new position in Airbnb in the 4th quarter valued at about $26,000. City State Bank acquired a new position in Airbnb in the 4th quarter valued at about $26,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Airbnb in the 4th quarter valued at about $28,000. 34.66% of the stock is owned by institutional investors.

Airbnb Company Profile (Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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