Airbnb (NASDAQ:ABNB) Price Target Raised to $145.00 at Royal Bank Of Canada

Airbnb (NASDAQ:ABNB) had its target price upped by investment analysts at Royal Bank Of Canada from $140.00 to $145.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 19.81% from the stock’s current price.

Other analysts also recently issued research reports about the company. Citigroup dropped their price objective on Airbnb from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. B. Riley dropped their price objective on Airbnb from $145.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Morgan Stanley boosted their price objective on Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research note on Monday, July 21st. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, May 2nd. Finally, DA Davidson raised Airbnb from a “neutral” rating to a “buy” rating and reduced their target price for the company from $170.00 to $155.00 in a report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.59.

Airbnb Price Performance

Shares of Airbnb stock opened at $121.02 on Thursday. The business’s fifty day moving average price is $134.96 and its two-hundred day moving average price is $130.98. The company has a market capitalization of $75.81 billion, a P/E ratio of 29.30, a PEG ratio of 2.22 and a beta of 1.13. Airbnb has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, research analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total value of $826,750.00. Following the transaction, the chief financial officer owned 467,611 shares in the company, valued at $61,855,583.08. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the transaction, the chief executive officer owned 40,800 shares in the company, valued at $5,235,864. This trade represents a 16.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,671,023 shares of company stock worth $223,195,427 over the last 90 days. 27.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

Large investors have recently made changes to their positions in the stock. Kentucky Trust Co bought a new stake in shares of Airbnb during the 2nd quarter worth about $25,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $28,000. Finally, Concord Wealth Partners bought a new stake in shares of Airbnb during the 2nd quarter worth about $28,000. 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.