Airbnb (NASDAQ:ABNB) Receives “Market Perform” Rating from JMP Securities

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

Several other analysts have also issued reports on the company. DA Davidson boosted their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI boosted their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Truist Financial decreased their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Barclays boosted their price objective on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday. Five investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $144.91.

Airbnb Stock Performance

ABNB stock traded up $20.47 during midday trading on Friday, hitting $161.51. The company’s stock had a trading volume of 8,103,185 shares, compared to its average volume of 4,447,355. The stock’s 50-day moving average price is $133.00 and its 200 day moving average price is $130.02. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a market cap of $102.39 billion, a price-to-earnings ratio of 56.53, a PEG ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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, equities analysts forecast that Airbnb will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,417,704 shares of company stock worth $187,654,829. 27.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new stake in Airbnb in the 3rd quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the 4th quarter worth approximately $25,000. Hollencrest Capital Management raised its position in shares of Airbnb by 6,666.7% in 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 bought a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.