Airbnb (NASDAQ:ABNB) Given New $115.00 Price Target at JPMorgan Chase & Co.

Airbnb (NASDAQ:ABNB) had its price objective decreased by analysts at JPMorgan Chase & Co. from $160.00 to $115.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 5.29% from the stock’s previous close.

A number of other analysts also recently weighed in on ABNB. Barclays upped their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Benchmark boosted their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and upped their price objective for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $146.56.

Airbnb Stock Up 2.8 %

Shares of Airbnb stock traded up $2.93 during trading hours on Tuesday, reaching $109.23. 2,902,171 shares of the company’s stock were exchanged, compared to its average volume of 4,654,546. The company has a 50 day moving average of $133.30 and a two-hundred day moving average of $133.58. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $166.74. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $68.87 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts forecast that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $129.82, for a total value of $90,874.00. Following the sale, the chief technology officer now owns 184,014 shares of the company’s stock, valued at $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 38,459 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the completion of the transaction, the chief executive officer now owns 11,731,685 shares of the company’s stock, valued at $1,412,964,141.40. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,030,357 shares of company stock valued at $284,351,868. 27.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the 4th quarter worth $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at about $26,000. Park Square Financial Group LLC bought a new stake in Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in Airbnb in the fourth quarter worth approximately $28,000. Finally, Graney & King LLC bought a new position in Airbnb during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.