Airbnb’s (ABNB) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Airbnb (NASDAQ:ABNB) in a research note released on Monday morning,Benzinga reports.

Other research analysts have also issued research reports about the company. Bank of America reaffirmed a “hold” rating and set a $142.00 price target (up previously from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Raymond James began coverage on Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. Mizuho reduced their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Wells Fargo & Company increased their target price on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. Finally, Barclays increased their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.48.

Airbnb Stock Performance

Shares of ABNB opened at $127.54 on Monday. The stock has a 50-day simple moving average of $135.78 and a 200-day simple moving average of $134.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a market capitalization of $80.86 billion, a PE ratio of 44.75, a PEG ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm posted $2.39 earnings per share. On average, analysts predict that Airbnb will post 3.99 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $130.58, for a total value of $78,348.00. Following the completion of the transaction, the chief technology officer now owns 195,244 shares of the company’s stock, valued at $25,494,961.52. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 550,307 shares of company stock valued at $72,926,063. Corporate insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management grew its position in 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 in the last quarter. New Millennium Group LLC bought a new position in Airbnb during the second quarter valued at about $28,000. Cultivar Capital Inc. bought a new stake in shares of Airbnb in the 2nd quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the third quarter valued at approximately $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.