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

Airbnb (NASDAQ:ABNB) had its price objective boosted by investment analysts at Morgan Stanley from $125.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 15.35% from the stock’s current price.

Several other analysts also recently commented on ABNB. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Tigress Financial upped their target price on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $146.94.

Airbnb Stock Performance

ABNB stock opened at $112.70 on Thursday. Airbnb has a 1-year low of $99.88 and a 1-year high of $166.74. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $129.19 and a 200-day moving average price of $132.31. The firm has a market cap of $71.06 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts expect that Airbnb will post 4.31 earnings per share for the current year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the completion of the sale, the chief executive officer now owns 12,460,447 shares in the company, valued at $1,659,606,935.93. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,037,307 shares of company stock worth $280,842,374. 27.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MJP Associates Inc. ADV grew its position in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock worth $490,000 after buying an additional 67 shares in the last quarter. CAP Partners LLC grew its holdings in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares during the last quarter. Ellevest Inc. raised its stake in Airbnb by 3.1% in the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock valued at $349,000 after purchasing an additional 80 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares during the last quarter. 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.