Airbnb (NASDAQ:ABNB) Stock Rating Upgraded by Rosenblatt Securities

Airbnb (NASDAQ:ABNB) was upgraded by equities researchers at Rosenblatt Securities to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Airbnb from $140.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Citigroup lifted their price target on shares of Airbnb from $175.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada set a $165.00 price objective on Airbnb in a research note on Monday, August 10th. Citizens Jmp increased their price objective on Airbnb from $170.00 to $190.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Finally, Needham & Company LLC began coverage on Airbnb in a research report on Monday, May 4th. They issued a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.07.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $182.54 on Monday. The company’s 50-day moving average is $160.66 and its 200 day moving average is $142.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $109.30 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.15. Airbnb has a fifty-two week low of $110.81 and a fifty-two week high of $193.45.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, equities research analysts forecast that Airbnb will post 5.23 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $173.61, for a total value of $3,472,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,854 shares of the company’s stock, valued at approximately $1,016,312.94. This trade represents a 77.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $187.27, for a total transaction of $2,549,681.05. Following the completion of the transaction, the insider owned 20,567 shares of the company’s stock, valued at $3,851,582.09. This represents a 39.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,406,212 shares of company stock worth $390,698,195 over the last 90 days. 27.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC boosted its stake in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the period. Entrust Financial LLC purchased a new position in Airbnb during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. increased its position in shares of Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the period. Sunbelt Securities Inc. increased its position in shares of Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the period. Finally, Wiser Advisor Group LLC bought a new stake in shares of Airbnb during the third quarter valued at about $27,000. 80.76% of the stock is currently owned by institutional investors.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt Securities upgraded Airbnb to “Strong Buy.” The upgrade reinforces growing optimism about the company’s growth prospects, including its newer businesses and artificial-intelligence initiatives.
• Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $220 price target. The target implies approximately 20.5% upside from the referenced price and adds another bullish view to Airbnb’s analyst coverage. Rosenblatt initiates Airbnb coverage
• Positive Sentiment: D.A. Davidson raised its price target from $175 to $220 and maintained a Buy rating. The firm pointed to rapid expansion in Airbnb Experiences, with listings across tracked cities increasing 30% in three months, as well as the company’s partnership with Viator. D.A. Davidson raises Airbnb price target
• Neutral Sentiment: Airbnb reportedly offered selected U.S. hosts lower fees to attract more guests. The move could stimulate bookings and host supply, but lower fees may pressure take rates and margins in the short term. Airbnb reportedly offers lower host fees
• Negative Sentiment: Insider Nathan Blecharczyk has continued selling shares. He sold 57,160 shares for about $10.9 million on August 28 and another 13,615 shares for approximately $2.55 million on August 31, reducing his direct holdings to 20,567 shares. Repeated insider selling can weigh on sentiment, though it does not necessarily signal deteriorating fundamentals. Airbnb insider selling report
• Negative Sentiment: Profit-taking and valuation risks remain. Airbnb shares have risen roughly 21%–25% over the past month and about 42% year to date. With a P/E ratio near 41.5 and the stock above its 50-day and 200-day moving averages, expectations may already reflect much of the bullish outlook. Airbnb rally and valuation analysis

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.