Airbnb (NASDAQ:ABNB) Upgraded by HSBC to Buy Rating

HSBC upgraded shares of Airbnb (NASDAQ:ABNB) from a hold rating to a buy rating in a research note published on Friday, Marketbeat.com reports.

Several other analysts have also commented on the company. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research note on Friday. Barclays boosted their price objective on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday. Jefferies Financial Group boosted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen boosted their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $145.79.

Airbnb Price Performance

Shares of ABNB stock opened at $161.42 on Friday. The stock’s fifty day simple moving average is $133.49 and its 200 day simple moving average 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. 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. Airbnb has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced 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 return on equity of 32.88% and a net margin of 16.96%. On average, analysts expect that Airbnb will post 3.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 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 owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,608,005 shares of company stock worth $214,394,023 over the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Large investors have recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management boosted its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth about $26,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter worth about $30,000. 80.76% of the stock is currently owned by institutional investors.

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.