Airbnb (NASDAQ:ABNB) Coverage Initiated by Analysts at Raymond James

Raymond James assumed coverage on shares of Airbnb (NASDAQ:ABNB) in a research report released on Friday, Marketbeat reports. The firm issued a market perform rating and a $134.00 price target on the stock.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Airbnb from $129.00 to $100.00 and set an underweight rating for the company in a research note on Wednesday, August 7th. Truist Financial reduced their price target on Airbnb from $134.00 to $124.00 and set a hold rating for the company in a research report on Wednesday, September 4th. Argus downgraded Airbnb from a buy rating to a hold rating in a research report on Wednesday, September 4th. 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 report on Friday, September 13th. Finally, Wedbush lowered their price target on shares of Airbnb from $165.00 to $135.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $134.16.

Airbnb Price Performance

ABNB opened at $128.25 on Friday. The company has a market capitalization of $82.60 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.72 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The business’s fifty day simple moving average is $123.75 and its 200-day simple moving average is $143.58.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Airbnb will post 4.39 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $151.29, for a total transaction of $90,774.00. Following the completion of the transaction, the chief technology officer now directly owns 208,774 shares in the company, valued at $31,585,418.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now directly owns 537,072 shares in the company, valued at approximately $64,448,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $151.29, for a total value of $90,774.00. Following the completion of the transaction, the chief technology officer now owns 208,774 shares of the company’s stock, valued at approximately $31,585,418.46. The disclosure for this sale can be found here. Insiders have sold 552,989 shares of company stock worth $75,824,030 over the last quarter. 27.83% of the stock is currently owned by insiders.

Institutional Trading of Airbnb

Several institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its position in shares of Airbnb by 111.4% during the 2nd quarter. Centaurus Financial Inc. now owns 6,948 shares of the company’s stock valued at $1,054,000 after buying an additional 3,661 shares in the last quarter. Lazari Capital Management Inc. lifted its holdings in Airbnb by 3.6% during the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after purchasing an additional 88 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Airbnb in the second quarter valued at about $7,342,000. New Century Financial Group LLC acquired a new stake in Airbnb in the 2nd quarter worth about $238,000. Finally, Aristides Capital LLC boosted its stake in shares of Airbnb by 11.2% in the second quarter. Aristides Capital LLC now owns 9,950 shares of the company’s stock worth $1,509,000 after acquiring an additional 1,000 shares during the last quarter. 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.