Airbnb (NASDAQ:ABNB) Raised to “Hold” at Phillip Securities

Airbnb (NASDAQ:ABNB) was upgraded by research analysts at Phillip Securities from a “moderate sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other brokerages have also commented on ABNB. Benchmark lifted their price target on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Tigress Financial boosted their target price on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 14th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Truist Financial dropped their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, Morgan Stanley boosted their price target on shares of Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $146.94.

Airbnb Trading Up 2.9 %

ABNB opened at $121.71 on Wednesday. The business has a fifty day moving average price of $126.43 and a 200 day moving average price of $132.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $76.74 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 3.52 and a beta of 1.15. Airbnb has a 12 month low of $99.88 and a 12 month high of $165.50.

Airbnb (NASDAQ:ABNB) last issued its earnings results 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 net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the transaction, the director now directly owns 2,294,870 shares of the company’s stock, valued at $249,590,061.20. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,213,131 shares of company stock worth $300,179,370. 27.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $26,000. Park Square Financial Group LLC bought a new position in shares of Airbnb in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the 4th quarter worth $28,000. Finally, Graney & King LLC bought a new stake in Airbnb during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds 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.