Airbnb (NASDAQ:ABNB) Upgraded to “Buy” by Mizuho

Mizuho upgraded shares of Airbnb (NASDAQ:ABNB) from a neutral rating to a buy rating in a research note published on Wednesday, Marketbeat reports. They currently have $200.00 price target on the stock, up from their prior price target of $150.00.

Several other equities research analysts have also recently weighed in on ABNB. Bank of America upped their price target on shares of Airbnb from $155.00 to $168.00 and gave the stock a neutral rating in a research report on Thursday, March 14th. UBS Group lowered their price target on shares of Airbnb from $148.00 to $143.00 and set a neutral rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $118.00 to $140.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. Tigress Financial upped their price target on shares of Airbnb from $185.00 to $195.00 and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Benchmark began coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a buy rating and a $190.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $149.19.

Airbnb Price Performance

Airbnb stock opened at $162.84 on Wednesday. The stock has a market cap of $105.37 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb has a 1 year low of $103.55 and a 1 year high of $170.10. The firm has a 50-day moving average of $160.10 and a two-hundred day moving average of $143.03.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, research analysts forecast that Airbnb will post 4.63 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the sale, the chief executive officer now owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. The disclosure for this sale can be found here. Insiders have sold 463,674 shares of company stock worth $73,516,515 over the last 90 days. 30.84% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA grew its position in Airbnb by 34.7% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after buying an additional 8,140 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Airbnb by 4.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Airbnb by 27.5% during the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares in the last quarter. LGT Group Foundation lifted its holdings in Airbnb by 8.1% during the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Airbnb by 14.4% during the fourth quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after purchasing an additional 12,008 shares in the last quarter. Institutional investors and hedge funds 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.