Airbnb (NASDAQ:ABNB) Rating Increased to Outperform at Robert W. Baird

Airbnb (NASDAQ:ABNB) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday,Briefing.com Automated Import reports. The firm presently has a $175.00 price objective on the stock, up from their previous price objective of $140.00. Robert W. Baird’s target price would indicate a potential upside of 24.08% from the stock’s current price.

Several other analysts have also recently weighed in on ABNB. Wells Fargo & Company cut their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Susquehanna boosted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Benchmark reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Finally, Citigroup upped their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.82.

Airbnb Price Performance

Airbnb stock opened at $141.04 on Friday. Airbnb has a one year low of $110.38 and a one year high of $170.10. The business has a fifty day moving average price of $133.00 and a 200-day moving average price of $130.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $89.42 billion, a P/E ratio of 49.49, a PEG ratio of 1.88 and a beta of 1.12.

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

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,704 shares of company stock valued at $187,654,829 over the last 90 days. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Edgewood Management LLC lifted its position in Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC raised its holdings in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after acquiring an additional 72,991 shares during the period. Clearbridge Investments LLC raised its holdings in 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 acquiring an additional 2,590,475 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Airbnb by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock worth $548,683,000 after purchasing an additional 558,856 shares during the last quarter. 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.