UBS Group Raises Airbnb (NASDAQ:ABNB) Price Target to $148.00

Airbnb (NASDAQ:ABNBGet Free Report) had its price target boosted by investment analysts at UBS Group from $125.00 to $148.00 in a report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 2.40% from the company’s previous close.

Several other equities analysts have also recently commented on ABNB. Wedbush raised their target price on shares of Airbnb from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Susquehanna lowered their price objective on shares of Airbnb from $165.00 to $160.00 and set a “positive” rating on the stock in a research note on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Airbnb in a research note on Monday, January 22nd. Jefferies Financial Group cut shares of Airbnb from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $140.00 in a research note on Wednesday, November 29th. Finally, TheStreet raised shares of Airbnb from a “c-” rating to a “b-” rating in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $141.31.

Get Our Latest Report on Airbnb

Airbnb Stock Down 0.2 %

Airbnb stock opened at $144.53 on Monday. The stock has a market cap of $93.72 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.12 and a beta of 1.23. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $140.00 and its two-hundred day moving average price is $134.37. Airbnb has a 52 week low of $103.55 and a 52 week high of $154.95.

Insider Activity at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 17,572 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $140.00, for a total value of $2,460,080.00. Following the completion of the sale, the chief accounting officer now directly owns 40,039 shares of the company’s stock, valued at $5,605,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, Director Jeffrey D. Jordan sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $150.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now directly owns 151,646 shares of the company’s stock, valued at $22,746,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 17,572 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $140.00, for a total transaction of $2,460,080.00. Following the completion of the sale, the chief accounting officer now directly owns 40,039 shares of the company’s stock, valued at $5,605,460. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,506,731 shares of company stock valued at $208,680,320. Corporate insiders own 30.84% of the company’s stock.

Institutional Trading of Airbnb

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Airbnb by 43.0% in the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after buying an additional 10,301,746 shares during the last quarter. Norges Bank acquired a new stake in shares of Airbnb in the fourth quarter worth $332,438,000. Portside Wealth Group LLC acquired a new stake in shares of Airbnb in the second quarter worth $252,150,000. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Airbnb in the third quarter worth $235,338,000. Finally, Northern Trust Corp lifted its stake in shares of Airbnb by 41.3% in the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after buying an additional 1,276,456 shares during the last quarter. 44.19% of the stock is owned by institutional investors.

About Airbnb

(Get Free Report)

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.

See Also

Analyst Recommendations for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.