Airbnb (NASDAQ:ABNB) Rating Increased to Strong-Buy at Baird R W

Baird R W upgraded shares of Airbnb (NASDAQ:ABNB) from a hold rating to a strong-buy rating in a report published on Friday,Zacks.com reports.

Several other research analysts also recently commented on ABNB. Morgan Stanley increased their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday. JPMorgan Chase & Co. increased their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays increased their price target on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Friday. Finally, Citigroup increased their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $145.79.

Airbnb Stock Up 14.4 %

ABNB opened at $161.42 on Friday. The firm has a 50-day simple moving average of $133.49 and a two-hundred day simple moving average of $130.04. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $102.34 billion, a PE ratio of 56.64, a price-to-earnings-growth 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 released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Analysts forecast that Airbnb will post 3.97 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 190,301 shares of Airbnb stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the transaction, the chief executive officer now directly owns 12,231,685 shares in the company, valued at approximately $1,718,674,059.35. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,608,005 shares of company stock valued at $214,394,023. 27.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new position in Airbnb in the third quarter worth $25,000. Golden State Wealth Management LLC purchased a new position in Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management grew its holdings in 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 purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth $26,000. Finally, Ashton Thomas Securities LLC purchased a new position in 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.