Susquehanna Increases Airbnb (NASDAQ:ABNB) Price Target to $200.00

Airbnb (NASDAQ:ABNB) had its price objective upped by Susquehanna from $160.00 to $200.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 24.44% from the company’s previous close.

Several other research firms have also recently weighed in on ABNB. Benchmark raised their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Friday. Canaccord Genuity Group raised their price objective on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $147.00.

Airbnb Price Performance

Airbnb stock traded down $0.70 during midday trading on Tuesday, hitting $160.72. 1,810,993 shares of the company’s stock were exchanged, compared to its average volume of 4,837,166. The company has a market cap of $101.89 billion, a P/E ratio of 56.42, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a 50-day moving average price of $133.97 and a two-hundred day moving average price of $130.23. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, equities research analysts forecast that Airbnb will post 3.97 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $809,875.00. Following the sale, the chief financial officer now directly owns 484,988 shares in the company, valued at $62,844,745.04. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 190,301 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the completion of the sale, the chief executive officer now directly owns 12,231,685 shares in the company, valued at approximately $1,718,674,059.35. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,393,720 shares of company stock valued at $186,305,545 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of ABNB. MJP Associates Inc. ADV lifted its position in Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after acquiring an additional 67 shares during the period. CAP Partners LLC increased its stake in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares in the last quarter. Ellevest Inc. lifted its holdings in shares of Airbnb by 3.1% during 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 during the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

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.