Airbnb (NASDAQ:ABNB) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Airbnb (NASDAQ:ABNB) from a hold rating to a buy rating in a report published on Monday, MarketBeat reports. The firm currently has $185.00 price target on the stock, up from their prior price target of $165.00.

ABNB has been the subject of several other reports. DA Davidson raised their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Citigroup raised their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Truist Financial lowered their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $148.00.

Airbnb Stock Up 0.9 %

Shares of ABNB opened at $126.55 on Monday. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market capitalization of $79.79 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a fifty day moving average of $136.73 and a 200-day moving average of $132.89.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts anticipate that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the sale, the director now directly owns 1,285,715 shares in the company, valued at $169,560,094.20. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,054,509 shares of company stock valued at $290,940,989 in the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently modified their holdings of ABNB. Pacer Advisors Inc. raised its holdings 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 worth $537,872,000 after purchasing an additional 4,172,985 shares during the period. Norges Bank bought a new stake in shares of Airbnb in the 4th quarter worth approximately $433,374,000. Clearbridge Investments LLC raised its holdings 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 worth $571,505,000 after purchasing an additional 2,590,475 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after purchasing an additional 2,577,000 shares during the period. Finally, Meritage Group LP bought a new stake in Airbnb during the 3rd quarter valued at $160,985,000. 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.