Airbnb (NASDAQ:ABNB) Trading Up 2.8%

Airbnb, Inc. (NASDAQ:ABNB) shares were up 2.8% on Monday . The stock traded as high as $150.08 and last traded at $150.03. Approximately 621,151 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 4,399,788 shares. The stock had previously closed at $145.97.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ABNB shares. JPMorgan Chase & Co. increased their target price on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Piper Sandler reissued a “neutral” rating and issued a $155.00 target price (up previously from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their target price for the company from $160.00 to $165.00 in a research note on Tuesday, May 28th. Truist Financial increased their target price on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, HSBC cut shares of Airbnb from a “buy” rating to a “hold” rating and cut their price target for the stock from $160.00 to $156.00 in a report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $152.38.

Airbnb Stock Performance

The company has a market cap of $94.86 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18. The firm’s fifty day moving average is $151.90 and its 200 day moving average is $150.42. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, research analysts predict that Airbnb, Inc. will post 4.67 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 22,170 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total value of $3,750,720.60. Following the completion of the sale, the chief technology officer now owns 143,731 shares of the company’s stock, valued at approximately $24,316,410.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO David C. Bernstein sold 2,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $145.50, for a total transaction of $291,000.00. Following the completion of the sale, the chief accounting officer now owns 45,043 shares of the company’s stock, valued at $6,553,756.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 22,170 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the sale, the chief technology officer now directly owns 143,731 shares of the company’s stock, valued at approximately $24,316,410.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 390,612 shares of company stock valued at $59,767,075. 27.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Large investors have recently modified their holdings of the business. Compagnie Lombard Odier SCmA grew its holdings in shares of Airbnb by 34.7% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after buying an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the period. Rafferty Asset Management LLC grew its holdings in shares of Airbnb by 18.4% in the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after purchasing an additional 22,551 shares during the period. Nordea Investment Management AB grew its holdings in shares of Airbnb by 27.5% in the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in shares of Airbnb in the fourth quarter valued at about $726,000. Hedge funds and other 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.