Airbnb (NASDAQ:ABNB) Upgraded by Gordon Haskett to “Hold” Rating

Gordon Haskett upgraded shares of Airbnb (NASDAQ:ABNB) from a sell rating to a hold rating in a report published on Friday, Marketbeat.com reports. The firm currently has $143.00 target price on the stock.

Several other analysts also recently weighed in on the company. Susquehanna raised their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and raised their target price for the company from $140.00 to $175.00 in a research note on Friday. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Truist Financial decreased their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. lifted their price target on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $145.79.

Airbnb Stock Up 14.4 %

Shares of NASDAQ ABNB opened at $161.42 on Friday. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market cap of $102.34 billion, a P/E ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $133.49 and a 200 day moving average price of $130.17.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. Research analysts anticipate that Airbnb will post 3.97 EPS for the current fiscal year.

Insider Activity

In related news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the transaction, the director now owns 10,321 shares in the company, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,608,005 shares of company stock valued at $214,394,023. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the third quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the fourth quarter valued at approximately $25,000. Hollencrest Capital Management increased its stake in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter valued at approximately $26,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter valued at approximately $30,000. Institutional investors and hedge funds 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.