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

Airbnb (NASDAQ:ABNB) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage presently has a $185.00 price target on the stock, up from their previous price target of $165.00. Jefferies Financial Group’s target price points to a potential upside of 37.66% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Citigroup increased their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. B. Riley increased their target price on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their target price for the company from $140.00 to $175.00 in a report on Friday, February 14th. Finally, Evercore ISI increased their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $148.00.

Airbnb Trading Down 0.3 %

NASDAQ ABNB opened at $134.39 on Monday. The stock has a market capitalization of $84.74 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a 50-day moving average price of $136.94 and a 200 day moving average price of $132.76. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly 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 net margin of 23.85% and a return on equity of 32.29%. Equities research analysts expect that Airbnb will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the transaction, the director now directly owns 1,285,715 shares in the company, valued at approximately $169,560,094.20. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,054,509 shares of company stock worth $290,940,989 in the last quarter. 27.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $26,000. Park Square Financial Group LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $28,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at $30,000. Hedge funds and other 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.