Airbnb (NASDAQ:ABNB) Stock Rating Upgraded by Argus

Airbnb (NASDAQ:ABNB) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

Several other research analysts also recently commented on ABNB. UBS Group lifted their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. TD Cowen upped 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. Canaccord Genuity Group boosted their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group increased their target price on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $147.00.

Airbnb Stock Performance

NASDAQ ABNB opened at $160.60 on Wednesday. The company has a market capitalization of $101.82 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.38 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a fifty day moving average of $134.42 and a 200-day moving average of $130.45.

Airbnb (NASDAQ:ABNB) last issued 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 return on equity of 32.29% and a net margin of 23.85%. As a group, equities research analysts predict that Airbnb will post 4.27 EPS for the current fiscal year.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 19,448 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total transaction of $2,667,098.72. Following the sale, the director now owns 2,509 shares of the company’s stock, valued at approximately $344,084.26. This represents a 88.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,384,117 shares of company stock valued at $185,055,042 in the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Norges Bank bought a new position in shares of Airbnb during the fourth quarter valued at $433,374,000. Clearbridge Investments LLC boosted its position in shares of Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after buying an additional 2,577,000 shares in the last quarter. Finally, Meritage Group LP purchased a new position in Airbnb in the 3rd quarter worth about $160,985,000. 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.