Barclays Boosts Airbnb (NASDAQ:ABNB) Price Target to $103.00

Airbnb (NASDAQ:ABNBGet Rating) had its target price lifted by Barclays from $101.00 to $103.00 in a research note issued to investors on Tuesday morning, The Fly reports. The firm currently has an equal weight rating on the stock.

ABNB has been the subject of a number of other research reports. Cowen cut their price target on shares of Airbnb from $140.00 to $125.00 in a report on Wednesday, November 2nd. Wells Fargo & Company cut their price target on shares of Airbnb from $185.00 to $165.00 and set an overweight rating for the company in a report on Wednesday, November 2nd. DA Davidson cut their price target on shares of Airbnb from $210.00 to $140.00 and set a buy rating for the company in a report on Wednesday, August 3rd. Canaccord Genuity Group cut their price target on shares of Airbnb from $200.00 to $175.00 and set a buy rating for the company in a report on Wednesday, August 3rd. Finally, Argus initiated coverage on shares of Airbnb in a report on Tuesday, July 26th. They set a hold rating for the company. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of Hold and a consensus price target of $141.70.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $95.28 on Tuesday. The company’s 50 day moving average price is $109.09 and its two-hundred day moving average price is $109.84. Airbnb has a 12-month low of $86.71 and a 12-month high of $191.73. The firm has a market cap of $61.21 billion, a PE ratio of 39.70, a PEG ratio of 1.83 and a beta of 0.99. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 250,000 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $121.87, for a total value of $30,467,500.00. Following the completion of the sale, the director now directly owns 1,750,101 shares in the company, valued at $213,284,808.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, Director Joseph Gebbia sold 250,000 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $121.87, for a total value of $30,467,500.00. Following the completion of the sale, the director now directly owns 1,750,101 shares in the company, valued at $213,284,808.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Belinda J. Johnson sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $125.29, for a total transaction of $125,290.00. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $741,716.80. The disclosure for this sale can be found here. Insiders sold a total of 828,337 shares of company stock worth $93,790,105 over the last three months. 32.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently bought and sold shares of ABNB. Elequin Capital LP acquired a new stake in Airbnb in the first quarter worth $27,000. First Horizon Advisors Inc. grew its holdings in shares of Airbnb by 326.0% during the second quarter. First Horizon Advisors Inc. now owns 328 shares of the company’s stock valued at $28,000 after buying an additional 251 shares during the last quarter. Atticus Wealth Management LLC grew its holdings in shares of Airbnb by 243.8% during the second quarter. Atticus Wealth Management LLC now owns 330 shares of the company’s stock valued at $29,000 after buying an additional 234 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Airbnb by 181.0% during the first quarter. Quadrant Capital Group LLC now owns 177 shares of the company’s stock valued at $30,000 after buying an additional 114 shares during the last quarter. Finally, West Branch Capital LLC acquired a new position in shares of Airbnb during the second quarter valued at about $31,000. 39.45% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Company Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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