Airbnb (NASDAQ:ABNB) Upgraded to “Buy” at HSBC

Airbnb (NASDAQ:ABNB) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Friday,Briefing.com Automated Import reports.

Several other research analysts have also weighed in on the company. Wells Fargo & Company dropped their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Jefferies Financial Group upped their price target on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and upped their price target for the company from $110.00 to $153.00 in a research report on Friday. Finally, Evercore ISI upped their target price on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $143.55.

Airbnb Trading Up 0.4 %

Shares of NASDAQ ABNB opened at $141.04 on Friday. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a market cap of $89.42 billion, a price-to-earnings ratio of 49.49, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $133.00 and a 200-day simple moving average of $130.02.

Airbnb (NASDAQ:ABNB) last posted 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%. Sell-side analysts predict that Airbnb will post 3.97 EPS for the current year.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock worth $187,654,829 in the last 90 days. 27.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Edgewood Management LLC increased its holdings in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after buying an additional 72,991 shares during the period. Clearbridge Investments LLC increased its stake in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the period. Pacer Advisors Inc. increased its stake in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Airbnb by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock valued at $548,683,000 after buying an additional 558,856 shares during the period. 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.