Airbnb (NASDAQ:ABNB) Given Neutral Rating at Wedbush

Wedbush restated their neutral rating on shares of Airbnb (NASDAQ:ABNBFree Report) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $160.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Airbnb from $118.00 to $140.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. DA Davidson reissued a neutral rating and set a $145.00 target price on shares of Airbnb in a research report on Friday, March 15th. Royal Bank of Canada increased their target price on shares of Airbnb from $140.00 to $150.00 and gave the stock a sector perform rating in a research report on Wednesday, February 14th. Needham & Company LLC reissued a hold rating on shares of Airbnb in a research report on Thursday, April 11th. Finally, Truist Financial increased their target price on shares of Airbnb from $118.00 to $131.00 and gave the stock a hold rating in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Airbnb has a consensus rating of Hold and an average target price of $147.58.

Check Out Our Latest Research Report on ABNB

Airbnb Trading Down 3.2 %

Shares of ABNB stock opened at $155.01 on Thursday. The firm has a market cap of $100.30 billion, a P/E ratio of 21.41, a PEG ratio of 1.99 and a beta of 1.25. Airbnb has a 1-year low of $103.55 and a 1-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. The firm’s 50-day simple moving average is $159.55 and its 200-day simple moving average is $142.43.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, equities analysts forecast that Airbnb will post 4.63 EPS for the current year.

Insider Activity

In other news, Director Jeffrey D. Jordan sold 8,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now owns 151,646 shares of the company’s stock, valued at $22,746,900. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now owns 146,131 shares of the company’s stock, valued at $22,695,605.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey D. Jordan sold 8,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now directly owns 151,646 shares of the company’s stock, valued at approximately $22,746,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 463,674 shares of company stock valued at $73,516,515. 30.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently bought and sold shares of the stock. CVA Family Office LLC bought a new stake in Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new stake in Airbnb in the third quarter worth about $27,000. Bfsg LLC bought a new stake in Airbnb in the fourth quarter worth about $27,000. West Tower Group LLC raised its position in Airbnb by 747.8% in the fourth quarter. West Tower Group LLC now owns 195 shares of the company’s stock worth $27,000 after acquiring an additional 172 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in Airbnb in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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