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

Bank of America restated their hold rating on shares of Airbnb (NASDAQ:ABNB) in a research report released on Friday morning, MarketBeat.com reports. Bank of America currently has a $142.00 target price on the stock, up from their previous target price of $132.00.

ABNB has been the subject of several other research reports. Mizuho dropped their price objective on shares of Airbnb from $175.00 to $170.00 and set an outperform rating for the company in a research note on Friday, September 13th. Barclays cut their price objective on Airbnb from $110.00 to $100.00 and set an underweight rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group lowered their target price on Airbnb from $125.00 to $120.00 and set a hold rating for the company in a report on Wednesday, September 4th. Needham & Company LLC reissued a hold rating on shares of Airbnb in a research note on Wednesday, August 7th. Finally, BMO Capital Markets lowered their price objective on Airbnb from $151.00 to $130.00 and set a market perform rating for the company in a research note on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $134.55.

Airbnb Trading Up 1.2 %

ABNB opened at $134.40 on Friday. The stock has a market capitalization of $86.23 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a 50-day simple moving average of $121.62 and a 200 day simple moving average of $141.13.

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

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 80,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $149.11, for a total transaction of $11,928,800.00. Following the completion of the transaction, the chief technology officer now owns 207,574 shares in the company, valued at approximately $30,951,359.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 563,496 shares of company stock valued at $74,262,814 over the last 90 days. Insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently bought and sold shares of the company. Joel Isaacson & Co. LLC grew its stake in Airbnb by 2.3% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after buying an additional 67 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock worth $1,541,000 after purchasing an additional 68 shares in the last quarter. Farrow Financial Inc. boosted its stake in Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares during the period. Heritage Wealth Advisors boosted its position in shares of Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, GYL Financial Synergies LLC grew its stake in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares in the last quarter. 80.76% of the stock is owned by 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.