Airbnb (NASDAQ:ABNB) Rating Increased to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Airbnb (NASDAQ:ABNB) from a hold rating to a buy rating in a research report released on Monday morning, MarketBeat reports. They currently have $185.00 target price on the stock, up from their previous target price of $165.00.

ABNB has been the subject of several other reports. Canaccord Genuity Group increased their price objective on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Susquehanna increased their target price on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Finally, Wedbush reissued an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $148.00.

Airbnb Stock Performance

Airbnb stock opened at $132.15 on Monday. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm’s 50 day simple moving average is $136.94 and its 200-day simple moving average is $132.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $83.33 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts predict that Airbnb will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the sale, the director now directly owns 1,285,715 shares in the company, valued at approximately $169,560,094.20. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,054,509 shares of company stock worth $290,940,989 in the last ninety days. Insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently bought and sold shares of ABNB. Verdence Capital Advisors LLC increased its stake in Airbnb by 11.9% in the third quarter. Verdence Capital Advisors LLC now owns 5,781 shares of the company’s stock valued at $733,000 after acquiring an additional 617 shares during the period. Assetmark Inc. boosted its holdings in Airbnb by 11.6% during the third quarter. Assetmark Inc. now owns 49,994 shares of the company’s stock valued at $6,340,000 after purchasing an additional 5,189 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Airbnb by 3.2% in the 3rd quarter. Sigma Planning Corp now owns 7,194 shares of the company’s stock valued at $912,000 after purchasing an additional 221 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $30,000. Finally, Versor Investments LP lifted its position in shares of Airbnb by 17.9% during the 3rd quarter. Versor Investments LP now owns 10,036 shares of the company’s stock worth $1,273,000 after buying an additional 1,521 shares during the period. 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.