Airbnb (NASDAQ:ABNB) Price Target Raised to $200.00 at Tigress Financial

Airbnb (NASDAQ:ABNB) had its target price raised by Tigress Financial from $195.00 to $200.00 in a research report sent to investors on Friday,Benzinga reports. Tigress Financial currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on ABNB. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Benchmark increased their price target on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Barclays increased their target price on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $148.15.

Airbnb Stock Up 2.9 %

ABNB opened at $122.86 on Friday. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a fifty day moving average of $136.23 and a two-hundred day moving average of $132.85. The stock has a market capitalization of $77.47 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. On average, research analysts expect that Airbnb will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total value of $28,259,905.80. Following the completion of the sale, the director now owns 1,285,715 shares in the company, valued at $169,560,094.20. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,269,494 shares of company stock valued at $318,203,453. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH raised its position in Airbnb by 133.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 54,362 shares of the company’s stock worth $6,630,000 after acquiring an additional 31,037 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Airbnb during the fourth quarter worth approximately $26,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Airbnb during the fourth quarter worth approximately $44,397,000. Virtue Capital Management LLC grew its stake in Airbnb by 45.0% during the fourth quarter. Virtue Capital Management LLC now owns 3,974 shares of the company’s stock worth $522,000 after buying an additional 1,234 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in Airbnb during the fourth quarter worth approximately $10,027,000. Institutional investors and hedge funds 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.