Airbnb (NASDAQ:ABNB) Price target raised to $155.00 at Deutsche Bank Aktiengesellschaft


Airbnb (NASDAQ: ABNBGet a rating) had its target price raised by Deutsche Bank Aktiengesellschaft from $150.00 to $155.00 in a research note released on Wednesday, Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 6.90% from the company’s previous close.

A number of other analysts have also recently published reports on the ABNB. KeyCorp cut its target price on Airbnb shares from $210.00 to $195.00 in a research note on Tuesday. Gordon Haskett moved Airbnb shares from a “buy” rating to a “hold” rating and set a target price of $194.94 for the company. in a research note from Tuesday, January 18. Citigroup upgraded Airbnb shares from a “neutral” rating to a “buy” rating and reduced its target price for the stock from $214.00 to $200.00 in a Wednesday, April 20 research note . Jefferies Financial Group began covering Airbnb shares in a research note on Friday, January 7. They set a “buy” rating and a target price of $220.00 for the business. Finally, Credit Suisse Group raised its price target on Airbnb shares from $185.00 to $190.00 in a research note on Wednesday. One equity research analyst gave the stock a sell rating, seventeen gave the company a hold rating and fifteen gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $198.51.

Shares of ABNB opened at $145.00 on Wednesday. The company has a 50-day moving average of $159.55 and a 200-day moving average of $167.13. Airbnb has a one-year minimum of $129.71 and a one-year maximum of $212.58. The company has a market capitalization of $93.22 billion, a PE ratio of -190.79 and a beta of 0.28. The company has a debt ratio of 0.42, a current ratio of 1.95 and a quick ratio of 1.95.

Airbnb (NASDAQ: ABNBGet a rating) last reported quarterly earnings data on Tuesday, May 3. The company reported ($0.03) EPS for the quarter, beating analyst consensus estimates of ($0.27) by $0.24. The company posted revenue of $1.51 billion in the quarter, versus a consensus estimate of $1.45 billion. Airbnb had a negative net margin of 5.88% and a negative return on equity of 5.84%. The company’s quarterly revenue increased 70.1% year over year. During the same quarter last year, the company posted ($1.75) EPS. Analysts expect Airbnb to post 1.39 earnings per share for the current year.

Separately, CTO Aristotle N. Balogh sold 4,500 Airbnb shares in a trade that took place on Tuesday, March 1. The shares were sold at an average price of $150.53, for a total transaction of $677,385.00. The sale was disclosed in an SEC filing, which is available via the SEC website. Also, CTO Aristotle N. Balogh sold 1,000 Airbnb shares in a trade that took place on Tuesday, March 29. The shares were sold at an average price of $174.00, for a total transaction of $174,000.00. Disclosure of this sale can be found here. Insiders sold a total of 723,246 shares of the company worth $118,858,067 in the past ninety days. 36.30% of the shares are currently held by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ABNB. Polen Capital Management LLC purchased a new stake in Airbnb during Q3 for a value of approximately $1,599,368,000. Morgan Stanley increased its position in Airbnb shares by 141.3% in the third quarter. Morgan Stanley now owns 8,655,893 shares of the company worth $1,452,026,000 after purchasing an additional 5,069,443 shares during the period. BlackRock Inc. increased its position in Airbnb shares by 67.2% in Q3. BlackRock Inc. now owns 7,295,238 shares of the company worth $1,223,778,000 after purchasing an additional 2,931,107 shares during the period. Renaissance Technologies LLC increased its position in Airbnb shares by 294.0% in Q3. Renaissance Technologies LLC now owns 2,774,200 shares of the company worth $465,372,000 after purchasing an additional 2,070,043 shares during the period. Finally, Capital Research Global Investors increased its position in Airbnb shares by 20.8% in the 4th quarter. Capital Research Global Investors now owns 11,210,133 shares of the company worth $1,866,387,000 after purchasing an additional 1,926,816 shares during the period. 34.66% of the shares are currently held by hedge funds and other institutional investors.

About Airbnb (Get a rating)

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to provide stays and experiences to travelers around the world. The company’s marketplace model connects hosts and guests online or via mobile devices to book spaces and experiences. It mainly offers private rooms, main residences or vacation homes.

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