Airbnb (NASDAQ:ABNB) Raised to “Buy” at Argus

Airbnb (NASDAQ:ABNB) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports.

Other analysts have also recently issued reports about the stock. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Truist Financial reduced their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Susquehanna boosted their price target on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday. DA Davidson raised their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $147.00.

Airbnb Stock Performance

ABNB stock opened at $160.60 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market cap of $101.82 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. The stock’s fifty day moving average price is $134.42 and its 200-day moving average price is $130.45.

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 32.29% and a net margin of 23.85%. On average, equities analysts forecast that Airbnb will post 4.27 earnings per share for the current year.

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The shares were 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 disclosure for this sale can be found here. Insiders have sold 1,384,117 shares of company stock valued at $185,055,042 over the last ninety days. 27.83% of the stock is owned by insiders.

Institutional Trading of Airbnb

A number of hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in Airbnb in the fourth quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the third quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter worth $26,000. Hollencrest Capital Management increased its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in Airbnb in the fourth quarter worth about $28,000. 80.76% of the stock is owned by hedge funds and other 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.