Airbnb (NASDAQ:ABNB) Upgraded by Gordon Haskett to Hold Rating

Airbnb (NASDAQ:ABNB) was upgraded by Gordon Haskett from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage currently has a $143.00 price target on the stock. Gordon Haskett’s target price suggests a potential upside of 1.39% from the company’s current price.

A number of other brokerages have also commented on ABNB. Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Wells Fargo & Company cut their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group boosted their price target on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $140.00 to $175.00 in a report on Friday. Finally, The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $153.00 in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $141.82.

Airbnb Stock Up 0.4 %

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

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. Research analysts predict that Airbnb will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction dated 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 sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,417,704 shares of company stock worth $187,654,829. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the 3rd quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $25,000. Hollencrest Capital Management lifted its position in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the 3rd quarter worth approximately $30,000. 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.