Airbnb’s (ABNB) “Hold” Rating Reiterated at Bank of America

Bank of America restated their hold rating on shares of Airbnb (NASDAQ:ABNB) in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $142.00 price objective on the stock, up from their previous price objective of $132.00.

Other analysts have also issued reports about the stock. Argus lowered shares of Airbnb from a buy rating to a hold rating in a research note on Wednesday, September 4th. Morgan Stanley boosted their price objective on Airbnb from $120.00 to $130.00 and gave the stock an underweight rating in a research report on Tuesday, July 23rd. Benchmark reaffirmed a buy rating and set a $155.00 price objective on shares of Airbnb in a research note on Monday, August 26th. UBS Group decreased their target price on Airbnb from $160.00 to $134.00 and set a neutral rating for the company in a research report on Wednesday, August 7th. Finally, Wedbush cut their target price on Airbnb from $165.00 to $135.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $134.55.

Airbnb Stock Up 1.2 %

Shares of NASDAQ:ABNB opened at $134.40 on Friday. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company’s fifty day moving average is $121.62 and its 200-day moving average is $140.77. The company has a market capitalization of $86.56 billion, a PE ratio of 17.99, a P/E/G ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. Equities research analysts predict that Airbnb will post 4.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $130.15, for a total transaction of $78,090.00. Following the completion of the transaction, the chief technology officer now directly owns 194,044 shares in the company, valued at $25,254,826.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $130.15, for a total transaction of $78,090.00. Following the completion of the transaction, the chief technology officer now owns 194,044 shares of the company’s stock, valued at $25,254,826.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 562,496 shares of company stock worth $74,116,934 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Large investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the 1st quarter worth about $25,000. Trust Co. of Vermont bought a new position in shares of Airbnb in the fourth quarter worth approximately $27,000. New Millennium Group LLC bought a new position in Airbnb during the 2nd quarter worth about $28,000. Vima LLC purchased a new position in shares of Airbnb during the 4th quarter valued at approximately $29,000. Finally, Cultivar Capital Inc. purchased a new stake in Airbnb in the 2nd quarter valued at about $30,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.