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 research note released on Friday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Canaccord Genuity Group increased their price target on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Benchmark increased their price target on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Friday. Finally, Susquehanna upped their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.79.

Airbnb Stock Performance

NASDAQ ABNB opened at $161.42 on Friday. The company has a 50-day simple moving average of $133.49 and a two-hundred day simple moving average of $130.17. 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 has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a market cap of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued 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%. On average, equities analysts forecast that Airbnb will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the sale, the director now directly owns 1,071,430 shares in the company, valued at $138,160,898.50. The trade was a 16.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,608,005 shares of company stock worth $214,394,023 in the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

A number of large investors have recently made changes to their positions in the business. CAP Partners LLC lifted its position in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after acquiring an additional 77 shares during the last quarter. Lindbrook Capital LLC lifted its position in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after acquiring an additional 78 shares during the last quarter. Manchester Capital Management LLC lifted its position in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after acquiring an additional 81 shares during the last quarter. Salvus Wealth Management LLC lifted its position in Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after acquiring an additional 84 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Airbnb by 7.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company’s stock valued at $176,000 after purchasing an additional 90 shares in the last quarter. 80.76% of the stock is currently owned by 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.