Airbnb (NASDAQ:ABNB) Upgraded to “Hold” at Gordon Haskett

Airbnb (NASDAQ:ABNB) was upgraded by analysts at Gordon Haskett from a “sell” rating to a “hold” rating in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage currently has a $143.00 target price on the stock. Gordon Haskett’s price objective suggests a potential upside of 1.39% from the company’s previous close.

Other research analysts have also issued reports about the stock. Jefferies Financial Group boosted their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $140.00 to $175.00 in a research report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Five research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $141.82.

Airbnb Stock Up 0.4 %

Airbnb stock opened at $141.04 on Friday. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a market capitalization of $89.42 billion, a price-to-earnings ratio of 49.49, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $133.00 and a 200 day simple moving average of $130.02.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, analysts predict that Airbnb will post 3.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the sale, the chief technology officer now owns 181,914 shares of the company’s stock, valued at $23,572,416.12. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,417,704 shares of company stock valued at $187,654,829 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Several large investors have recently modified their holdings of ABNB. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $25,000. Hollencrest Capital Management raised its holdings in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $26,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $30,000. Institutional investors own 80.76% of the company’s stock.

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.