Airbnb’s (ABNB) Hold Rating Reaffirmed at Needham & Company LLC

Airbnb (NASDAQ:ABNB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports.

Other analysts have also issued research reports about the stock. TD Cowen lifted their target price 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. Benchmark reiterated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Piper Sandler increased their target price on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research note on Friday. Finally, Wells Fargo & Company dropped their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $142.12.

Airbnb Stock Performance

Shares of ABNB stock opened at $141.04 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The business’s 50 day moving average is $133.00 and its two-hundred day moving average is $130.02. The company has a market capitalization of $89.42 billion, a P/E ratio of 49.49, a P/E/G ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. Analysts expect that Airbnb will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of the firm’s 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 transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This trade 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, Director Joseph Gebbia sold 19,448 shares of Airbnb stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72. Following the completion of the transaction, the director now directly 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 have sold 1,417,704 shares of company stock valued at $187,654,829 over the last 90 days. 27.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in Airbnb in the fourth quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the fourth quarter valued at $26,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the third quarter worth about $30,000. Hedge funds and other 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.