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

Airbnb (NASDAQ:ABNB) was upgraded by research analysts at Gordon Haskett from a “sell” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a $143.00 price target on the stock. Gordon Haskett’s price target would indicate a potential downside of 11.41% from the stock’s current price.

A number of other research firms have also recently weighed in on ABNB. Jefferies Financial Group raised their price target on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Barclays upped their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Susquehanna lifted their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Piper Sandler upped their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $140.00 to $175.00 in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $145.79.

Airbnb Stock Up 14.4 %

Airbnb stock opened at $161.42 on Friday. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market capitalization of $102.34 billion, a P/E ratio of 56.64, 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 stock’s fifty day simple moving average is $133.49 and its 200-day simple moving average is $130.11.

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

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 190,301 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the transaction, the chief executive officer now directly owns 12,231,685 shares in the company, valued at approximately $1,718,674,059.35. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,608,005 shares of company stock valued at $214,394,023. Corporate insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new stake in Airbnb during the third quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $25,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $26,000. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb during the 3rd quarter worth $30,000. Institutional investors and hedge funds 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.