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

Baird R W upgraded shares of Airbnb (NASDAQ:ABNB) from a hold rating to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

Several other analysts have also commented on ABNB. Bank of America raised their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. B. Riley increased their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday. Canaccord Genuity Group raised their price target on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $145.79.

Airbnb Stock Up 14.4 %

NASDAQ:ABNB opened at $161.42 on Friday. The firm has a market capitalization of $102.34 billion, a P/E ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company’s fifty day moving average price is $133.49 and its 200-day moving average price is $130.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 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 research analysts anticipate that Airbnb will post 3.97 EPS for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the transaction, the director now owns 10,321 shares in the company, valued at $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,608,005 shares of company stock worth $214,394,023 over the last three months. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Institutional investors have recently modified their holdings of the stock. Verde Capital Management lifted its position in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after buying an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $6,352,000. J.W. Cole Advisors Inc. lifted its position in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after purchasing an additional 197,558 shares during the last quarter. 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.