Airbnb (NASDAQ:ABNB) Rating Increased to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Airbnb (NASDAQ:ABNB) from a neutral rating to an outperform rating in a research note released on Friday morning, MarketBeat reports. The firm currently has $175.00 target price on the stock, up from their prior target price of $140.00.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. boosted their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Evercore ISI boosted their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Citigroup upped their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Truist Financial cut their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.79.

Airbnb Trading Up 14.4 %

Shares of ABNB opened at $161.42 on Friday. The business’s 50-day moving average price is $133.49 and its 200-day moving average price is $130.17. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market cap of $102.34 billion, a PE ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. 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 (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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, equities analysts forecast that Airbnb will post 3.97 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the transaction, the chief technology officer now owns 182,614 shares in the company, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 190,301 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the completion of the transaction, the chief executive officer now owns 12,231,685 shares of the company’s stock, valued at approximately $1,718,674,059.35. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,608,005 shares of company stock worth $214,394,023 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the third quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $26,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the third quarter worth $30,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.