JMP Securities Reaffirms Market Perform Rating for Airbnb (NASDAQ:ABNB)

Airbnb (NASDAQ:ABNB)‘s stock had its “market perform” rating reissued by research analysts at JMP Securities in a report released on Friday,Benzinga reports.

Other analysts also recently issued reports about the company. Barclays lifted their price target on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday. Susquehanna boosted their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Jefferies Financial Group increased their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. UBS Group boosted 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday. Five analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus price target of $145.79.

Airbnb Price Performance

Airbnb stock opened at $161.42 on Friday. The business has a 50 day simple moving average of $133.49 and a 200-day simple moving average of $130.11. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $102.34 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Airbnb will post 3.97 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 190,301 shares of Airbnb stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total transaction 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 trade represents a 1.53 % 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 three months. 27.83% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

Large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in Airbnb during the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% in 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. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the third quarter valued at approximately $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.