JPMorgan Chase & Co. Boosts Airbnb (NASDAQ:ABNB) Price Target to $142.00

Airbnb (NASDAQ:ABNB) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $121.00 to $142.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 5.49% from the stock’s current price.

A number of other analysts have also commented on the stock. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company raised their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. Truist Financial reduced their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Five 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $139.26.

Airbnb Trading Down 8.7 %

Airbnb stock opened at $134.61 on Friday. Airbnb has a one year low of $110.38 and a one year high of $170.10. The business’s fifty day moving average is $129.14 and its 200 day moving average is $137.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $86.37 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 417,806 shares of company stock worth $51,809,831. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Several hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new stake in Airbnb in the first quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the third quarter valued at $25,000. Hollencrest Capital Management raised its stake in shares of 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. New Millennium Group LLC bought a new stake in shares of Airbnb in the 2nd quarter worth about $28,000. Finally, Cultivar Capital Inc. purchased a new position in shares of Airbnb during the 2nd quarter worth about $30,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.