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

Airbnb (NASDAQ:ABNB) was upgraded by equities researchers at Baird R W from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. UBS Group boosted their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group upped their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.79.

Airbnb Stock Performance

Shares of ABNB stock opened at $161.42 on Friday. The firm has a market cap of $102.34 billion, a price-to-earnings ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The firm’s 50-day simple moving average is $133.49 and its two-hundred day simple moving average is $130.17.

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

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 190,301 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the transaction, the chief executive officer now owns 12,231,685 shares of the company’s stock, valued at $1,718,674,059.35. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $25,218,158.14. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,608,005 shares of company stock worth $214,394,023 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Verde Capital Management boosted its position in Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Airbnb during the 3rd quarter valued at $34,982,000. Tri Ri Asset Management Corp bought a new stake in Airbnb during the 3rd quarter valued at $6,352,000. J.W. Cole Advisors Inc. boosted its position in 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 acquiring an additional 2,132 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

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.