Airbnb (NASDAQ:ABNB) Rating Reiterated by DA Davidson

Airbnb (NASDAQ:ABNB)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a research note issued to investors on Thursday, Benzinga reports. They currently have a $145.00 target price on the stock. DA Davidson’s price target would suggest a potential downside of 2.17% from the company’s previous close.

Several other analysts have also recently weighed in on the company. Truist Financial boosted their price target on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Wells Fargo & Company increased their price target on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. UBS Group increased their price target on Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, B. Riley Financial started coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target for the company. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $150.79.

Airbnb Stock Performance

ABNB stock traded down $9.69 during midday trading on Thursday, reaching $148.21. 8,257,572 shares of the company were exchanged, compared to its average volume of 4,506,991. The firm has a market capitalization of $95.90 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The business has a 50-day moving average price of $161.68 and a two-hundred day moving average price of $145.50. Airbnb has a one year low of $103.55 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.23 by $0.18. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Equities research analysts forecast that Airbnb will post 4.47 EPS for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the sale, the chief technology officer now directly owns 144,931 shares in the company, valued at approximately $23,623,753. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now owns 144,931 shares in the company, valued at $23,623,753. The disclosure for this sale can be found here. In the last three months, insiders have sold 396,874 shares of company stock worth $63,712,671. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC raised its holdings in shares of Airbnb by 2.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after buying an additional 67 shares during the period. Miracle Mile Advisors LLC increased its holdings in shares of Airbnb by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after acquiring an additional 68 shares during the period. Cigna Investments Inc. New lifted its position in Airbnb by 1.6% during the 1st quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock worth $729,000 after acquiring an additional 69 shares during the period. Heritage Wealth Advisors lifted its holdings in shares of Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 71 shares during the period. Finally, Mount Vernon Associates Inc. MD raised its holdings in Airbnb by 1.0% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after purchasing an additional 75 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.