UBS Group Issues Positive Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb (NASDAQ:ABNB) had its target price upped by UBS Group from $143.00 to $160.00 in a report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday. Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Barclays raised their target price on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.79.

Airbnb Price Performance

NASDAQ ABNB opened at $161.42 on Friday. 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 firm’s 50 day moving average price is $133.49 and its 200-day moving average price is $130.17. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a market cap of $102.34 billion, a PE ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Sell-side analysts forecast that Airbnb will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares of the company’s stock, valued at $1,352,876.68. The trade was a 95.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,608,005 shares of company stock valued at $214,394,023. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Several institutional investors have recently modified their holdings of ABNB. CX Institutional grew its position in shares of Airbnb by 17.1% in the third quarter. CX Institutional now owns 1,679 shares of the company’s stock valued at $213,000 after purchasing an additional 245 shares during the period. Creative Planning grew its position in shares of Airbnb by 44.0% in the third quarter. Creative Planning now owns 70,442 shares of the company’s stock valued at $8,808,000 after purchasing an additional 21,518 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of Airbnb by 40.2% in the third quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock valued at $372,000 after purchasing an additional 840 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of Airbnb by 277.7% in the third quarter. Stratos Wealth Advisors LLC now owns 18,194 shares of the company’s stock valued at $2,307,000 after purchasing an additional 13,377 shares during the period. Finally, TriaGen Wealth Management LLC boosted its position in Airbnb by 17.5% during the third quarter. TriaGen Wealth Management LLC now owns 16,712 shares of the company’s stock worth $2,119,000 after acquiring an additional 2,492 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

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.