Airbnb (NASDAQ:ABNB) Stock Rating Upgraded by The Goldman Sachs Group

Airbnb (NASDAQ:ABNB) was upgraded by investment analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has a $153.00 price objective on the stock, up from their previous price objective of $110.00. The Goldman Sachs Group’s price target points to a potential downside of 5.22% from the company’s previous close.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $140.00 to $175.00 in a research note on Friday. DA Davidson upped their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Bank of America lifted their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group increased their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.79.

Airbnb Trading Up 14.4 %

Shares of NASDAQ:ABNB opened at $161.42 on Friday. The business’s 50 day simple moving average is $133.49 and its 200 day simple moving average is $130.11. Airbnb has a 1 year low of $110.38 and a 1 year 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 company 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.

Airbnb (NASDAQ:ABNB) last released 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 32.88% and a net margin of 16.96%. On average, research analysts anticipate that Airbnb will post 3.97 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 190,301 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 12,231,685 shares of the company’s stock, valued at $1,718,674,059.35. The trade was a 1.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,608,005 shares of company stock worth $214,394,023. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in Airbnb during the 4th quarter valued at about $25,000. Hollencrest Capital Management boosted its stake 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 purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC bought a new stake in Airbnb during the 4th quarter worth approximately $26,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the third quarter worth approximately $30,000. Institutional investors 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.