TD Cowen Boosts Airbnb (NASDAQ:ABNB) Price Target to $155.00

Airbnb (NASDAQ:ABNB) had its price objective lifted by research analysts at TD Cowen from $150.00 to $155.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 15.15% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird increased their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday. Raymond James began coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company lifted their target price on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley increased their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $139.26.

Airbnb Trading Down 8.7 %

Shares of ABNB stock opened at $134.61 on Friday. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a market cap 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. The company has a 50-day moving average of $129.14 and a two-hundred day moving average of $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.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their position. 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 42,719 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock worth $51,809,831 in the last 90 days. 27.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after acquiring an additional 791,149 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the period. Legal & General Group Plc boosted its holdings in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after purchasing an additional 153,784 shares in the last quarter. MKA Charitable Fund increased its position in Airbnb by 17.2% during the 3rd quarter. MKA Charitable Fund now owns 2,015,865 shares of the company’s stock worth $255,632,000 after purchasing an additional 296,153 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Airbnb by 0.6% during the 1st quarter. Clearbridge Investments LLC now owns 2,001,711 shares of the company’s stock worth $330,202,000 after buying an additional 12,200 shares in the last quarter. 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.