Airbnb (NASDAQ:ABNB) Stock Rating Upgraded by Robert W. Baird

Robert W. Baird upgraded shares of Airbnb (NASDAQ:ABNB) from a neutral rating to an outperform rating in a report released on Friday, Marketbeat.com reports. Robert W. Baird currently has $175.00 price target on the stock, up from their prior price target of $140.00.

Several other research analysts have also recently issued reports on ABNB. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Bank of America lifted their price objective on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $145.79.

Airbnb Trading Up 14.4 %

Shares of NASDAQ:ABNB opened at $161.42 on Friday. The stock has a market capitalization of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s 50-day simple moving average is $133.49 and its two-hundred day simple moving average is $130.17. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. Analysts expect that Airbnb will post 3.97 EPS for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,608,005 shares of company stock valued at $214,394,023 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several large investors have recently modified their holdings of the stock. Meiji Yasuda Life Insurance Co increased its position in shares of Airbnb by 56.4% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 3,523 shares of the company’s stock valued at $463,000 after purchasing an additional 1,270 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Airbnb during the 4th quarter valued at approximately $4,139,000. Davidson Kahn Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at approximately $936,000. Comerica Bank increased its position in shares of Airbnb by 10.2% during the 4th quarter. Comerica Bank now owns 93,890 shares of the company’s stock valued at $12,338,000 after purchasing an additional 8,719 shares during the last quarter. Finally, Utah Retirement Systems increased its position in shares of Airbnb by 0.3% during the 4th quarter. Utah Retirement Systems now owns 60,100 shares of the company’s stock valued at $7,898,000 after purchasing an additional 200 shares during the last quarter. 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.