Airbnb (NASDAQ:ABNB) Reaches New 1-Year High at $160.00

Shares of Airbnb, Inc. (NASDAQ:ABNBGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $160.00 and last traded at $158.62, with a volume of 2113397 shares trading hands. The stock had previously closed at $153.43.

Analyst Ratings Changes

ABNB has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. Barclays lifted their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. boosted their target price on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Susquehanna boosted their target price on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. Finally, Mizuho boosted their target price on Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.00.

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Airbnb Trading Up 2.2 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The business has a fifty day simple moving average of $143.86 and a 200 day simple moving average of $135.22. The stock has a market capitalization of $101.49 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23.

Insider Activity

In other news, CFO Dave Stephenson sold 7,838 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the completion of the sale, the chief financial officer now directly owns 85,802 shares in the company, valued at approximately $12,525,375.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Dave Stephenson sold 7,838 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the completion of the sale, the chief financial officer now directly owns 85,802 shares in the company, valued at approximately $12,525,375.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 232,569 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $140.05, for a total value of $32,571,288.45. Following the sale, the chief executive officer now owns 15,638,987 shares of the company’s stock, valued at $2,190,240,129.35. The disclosure for this sale can be found here. In the last three months, insiders sold 1,533,357 shares of company stock worth $213,763,876. 30.84% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently modified their holdings of the business. Wellesley Asset Management bought a new stake in shares of Airbnb during the 1st quarter worth $121,000. CVA Family Office LLC bought a new position in Airbnb in the fourth quarter valued at about $26,000. West Tower Group LLC raised its position in Airbnb by 747.8% in the fourth quarter. West Tower Group LLC now owns 195 shares of the company’s stock valued at $27,000 after purchasing an additional 172 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in Airbnb in the second quarter valued at about $25,000. Finally, Orion Capital Management LLC bought a new position in Airbnb in the third quarter valued at about $27,000. 44.19% of the stock is currently owned by institutional investors.

About Airbnb

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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.

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