Airbnb (NASDAQ:ABNB – Get Free Report)‘s stock had its “hold” rating reissued by equities research analysts at Needham & Company LLC in a report released on Friday,Benzinga reports.
Several other research analysts also recently weighed in on the company. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $140.00 to $175.00 in a research note on Friday. TD Cowen boosted their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $153.00 in a research report on Friday. DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Finally, Evercore ISI increased their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $145.79.
Get Our Latest Stock Report on ABNB
Airbnb Price Performance
Airbnb (NASDAQ:ABNB – Get Free Report) last issued its quarterly earnings data 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 return on equity of 32.88% and a net margin of 16.96%. Equities research analysts expect that Airbnb will post 3.97 EPS for the current fiscal year.
Insider Activity at Airbnb
In other news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction dated 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 sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,608,005 shares of company stock worth $214,394,023 over the last ninety days. 27.83% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Airbnb
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb during the third quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at approximately $26,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Airbnb in the 3rd quarter worth approximately $30,000. 80.76% of the stock is owned by 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.
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