Airbnb (NASDAQ:ABNB) Research Coverage Started at Raymond James

Analysts at Raymond James initiated coverage on shares of Airbnb (NASDAQ:ABNB) in a research note issued to investors on Friday, StockNewsAPI reports. The brokerage set a “market perform” rating and a $134.00 price target on the stock. Raymond James’ price objective suggests a potential upside of 3.68% from the company’s previous close.

Other analysts also recently issued reports about the stock. TD Cowen lowered their price target on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Mizuho lowered their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group lowered their price target on shares of Airbnb from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, UBS Group lowered their price target on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $134.16.

Airbnb Stock Down 1.1 %

ABNB stock opened at $129.25 on Friday. The firm’s fifty day simple moving average is $124.15 and its 200-day simple moving average is $143.82. The company has a market capitalization of $82.93 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that Airbnb will post 4.39 earnings per share for the current year.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $151.29, for a total transaction of $90,774.00. Following the completion of the transaction, the chief technology officer now owns 208,774 shares of the company’s stock, valued at $31,585,418.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 552,989 shares of company stock worth $75,824,030. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after acquiring an additional 791,149 shares in the last quarter. Edgewood Management LLC raised its holdings in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after acquiring an additional 2,135,529 shares in the last quarter. Jennison Associates LLC raised its holdings in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after acquiring an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Airbnb by 4.7% in the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Institutional investors and hedge funds 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.