Airbnb (NASDAQ:ABNB) Earns Market Perform Rating from JMP Securities

Airbnb (NASDAQ:ABNB)‘s stock had its “market perform” rating reiterated by research analysts at JMP Securities in a research note issued to investors on Friday,Benzinga reports.

Other equities analysts also recently issued research reports about the company. Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. TD Cowen lifted their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Morgan Stanley upped their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Finally, Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Five analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.79.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $161.42 on Friday. 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 firm has a market cap of $102.34 billion, a PE ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. Airbnb has a one year low of $110.38 and a one year high of $170.10. The firm has a fifty day moving average of $133.49 and a 200 day moving average of $130.11.

Airbnb (NASDAQ:ABNB) last released its earnings results 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 net margin of 16.96% and a return on equity of 32.88%. As a group, research analysts predict that Airbnb will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 190,301 shares of the 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,608,005 shares of company stock valued at $214,394,023 in the last three months. 27.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

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