2 weeks Ago By ABMN Staff
Phillip Securities reiterated their reduce rating on shares of Airbnb ( NASDAQ:ABNB – Free Report ) in a research report released on Tuesday, Benzinga reports. They currently have a $120.00 price target on the stock.
A number of other research analysts have also issued reports on ABNB. Citigroup boosted their target price on Airbnb from $135.00 to $158.
00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group dropped their price objective on Airbnb from $130.00 to $111.
00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a report on Monday, October 7th.
Raymond James started coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective on the stock.
Finally, Truist Financial dropped their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th.
Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $139.
31. Read Our Latest Stock Analysis on Airbnb Airbnb Trading Up 1.4 % Airbnb ( NASDAQ:ABNB – Get Free Report ) last released its earnings results on Thursday, November 7th.
The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.
04). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.
72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.
88%. During the same period in the previous year, the firm posted $2.39 EPS.
Equities analysts anticipate that Airbnb will post 4.04 EPS for the current year. Insiders Place Their Bets In other news, CTO Aristotle N.
Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.
00. Following the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at $23,579,141.36.
The trade was a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link .
Also, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.
00. Following the completion of the transaction, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40.
This represents a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last ninety days, insiders have sold 417,806 shares of company stock valued at $51,809,831. Insiders own 27.83% of the company’s stock.
Hedge Funds Weigh In On Airbnb Several hedge funds and other institutional investors have recently modified their holdings of the company. Shellback Capital LP purchased a new stake in shares of Airbnb during the 2nd quarter valued at about $22,744,000. J.
W. Cole Advisors Inc. raised its holdings in shares of Airbnb by 86.
5% during the 3rd quarter. J.W.
Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares during the period. Bradley Foster & Sargent Inc.
CT raised its holdings in shares of Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc.
CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after buying an additional 19,183 shares during the period. Vanguard Group Inc. raised its holdings in shares of Airbnb by 2.
4% during the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after buying an additional 791,149 shares during the period.
Finally, Empowered Funds LLC raised its holdings in shares of Airbnb by 138.4% during the 1st quarter. Empowered Funds LLC now owns 10,271 shares of the company’s stock valued at $1,694,000 after buying an additional 5,962 shares during the period.
80.76% of the stock is owned by institutional investors and hedge funds. 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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes. Featured Stories 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 ..
