Airbnb (NASDAQ:ABNB) Given Buy Rating at Benchmark

Benchmark reiterated their buy rating on shares of Airbnb (NASDAQ:ABNB) in a report published on Thursday morning, Benzinga reports. They currently have a $190.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Truist Financial upped their target price on shares of Airbnb from $131.00 to $134.00 and gave the stock a hold rating in a research note on Thursday, May 30th. Needham & Company LLC reiterated a hold rating on shares of Airbnb in a report on Thursday, May 9th. Citigroup lowered their price target on shares of Airbnb from $170.00 to $167.00 and set a buy rating for the company in a report on Thursday, May 9th. TD Cowen lowered their price target on shares of Airbnb from $180.00 to $170.00 and set a buy rating for the company in a report on Thursday, May 9th. Finally, B. Riley began coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a neutral rating and a $150.00 price target for the company. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of Hold and an average price target of $151.94.

Airbnb Price Performance

Airbnb stock opened at $147.99 on Thursday. The company’s 50 day simple moving average is $148.00 and its 200-day simple moving average is $152.07. The company has a market capitalization of $95.31 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. Airbnb has a 1 year low of $113.24 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. As a group, equities research analysts expect that Airbnb will post 4.65 earnings per share for the current year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares in the company, valued at approximately $6,971,908.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Airbnb news, CAO David C. Bernstein sold 2,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $145.50, for a total transaction of $291,000.00. Following the completion of the transaction, the chief accounting officer now owns 45,043 shares in the company, valued at approximately $6,553,756.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The disclosure for this sale can be found here. Insiders sold a total of 541,307 shares of company stock worth $80,480,423 in the last 90 days. 27.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of large investors have recently made changes to their positions in ABNB. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Airbnb by 2.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 52,756 shares of the company’s stock valued at $7,182,000 after purchasing an additional 1,214 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Airbnb by 6.4% in the 4th quarter. IFM Investors Pty Ltd now owns 88,658 shares of the company’s stock valued at $12,070,000 after purchasing an additional 5,330 shares in the last quarter. TB Alternative Assets Ltd. increased its holdings in shares of Airbnb by 145.1% in the 4th quarter. TB Alternative Assets Ltd. now owns 238,200 shares of the company’s stock valued at $32,429,000 after purchasing an additional 141,000 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Airbnb by 518.4% in the 4th quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after acquiring an additional 254 shares during the last quarter. Finally, Verde Capital Management acquired a new stake in Airbnb in the 4th quarter valued at about $1,135,000. Hedge funds and other institutional investors 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.