Airbnb (NASDAQ:ABNB) Stock Rating Upgraded by Robert W. Baird

Airbnb (NASDAQ:ABNB) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage presently has a $175.00 price objective on the stock, up from their previous price objective of $140.00. Robert W. Baird’s price objective would suggest a potential upside of 24.08% from the company’s current price.

ABNB has been the topic of a number of other research reports. Piper Sandler upped their price target 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. Citigroup increased their price objective on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Phillip Securities restated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Finally, UBS Group lifted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.82.

Airbnb Trading Up 0.4 %

ABNB stock opened at $141.04 on Friday. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $89.42 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 1.88 and a beta of 1.12. The business has a 50 day simple moving average of $133.00 and a two-hundred day simple moving average of $130.02.

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

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the sale, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,417,704 shares of company stock worth $187,654,829. 27.83% of the stock is owned by insiders.

Institutional Trading of Airbnb

Several hedge funds have recently added to or reduced their stakes in ABNB. CX Institutional raised its holdings in Airbnb by 17.1% in the 3rd quarter. CX Institutional now owns 1,679 shares of the company’s stock valued at $213,000 after acquiring an additional 245 shares in the last quarter. Creative Planning grew its position in Airbnb by 44.0% during the 3rd quarter. Creative Planning now owns 70,442 shares of the company’s stock worth $8,808,000 after acquiring an additional 21,518 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in Airbnb by 40.2% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock worth $372,000 after acquiring an additional 840 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in shares of Airbnb by 277.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,194 shares of the company’s stock valued at $2,307,000 after buying an additional 13,377 shares during the last quarter. Finally, TriaGen Wealth Management LLC grew its position in shares of Airbnb by 17.5% in the 3rd quarter. TriaGen Wealth Management LLC now owns 16,712 shares of the company’s stock valued at $2,119,000 after buying an additional 2,492 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.