Airbnb (NASDAQ:ABNB) Upgraded to Buy at Mizuho

Mizuho upgraded shares of Airbnb (NASDAQ:ABNB) from a neutral rating to a buy rating in a research note published on Wednesday, MarketBeat.com reports. Mizuho currently has $200.00 target price on the stock, up from their previous target price of $150.00.

Other analysts have also recently issued research reports about the company. Needham & Company LLC restated a hold rating on shares of Airbnb in a report on Thursday, April 11th. B. Riley started coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a neutral rating and a $150.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Airbnb from $118.00 to $140.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. Piper Sandler lifted their price objective on Airbnb from $136.00 to $145.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. Finally, B. Riley Financial started coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a neutral rating and a $150.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $149.19.

Airbnb Trading Up 0.7 %

Airbnb stock opened at $164.23 on Wednesday. The stock has a market cap of $106.27 billion, a PE ratio of 22.68, a P/E/G ratio of 2.08 and a beta of 1.25. The stock has a 50-day moving average price of $160.44 and a 200 day moving average price of $143.42. Airbnb has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Equities research analysts predict that Airbnb will post 4.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the sale, the insider now directly owns 473,762 shares in the company, valued at $69,444,033.96. The disclosure for this sale can be found here. Insiders have sold 456,274 shares of company stock worth $72,410,859 in the last three months. 30.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently made changes to their positions in ABNB. Impact Partnership Wealth LLC raised its position in shares of Airbnb by 286.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 499 shares of the company’s stock valued at $68,000 after acquiring an additional 370 shares in the last quarter. DAVENPORT & Co LLC increased its position in Airbnb by 10.5% in the third quarter. DAVENPORT & Co LLC now owns 1,963 shares of the company’s stock worth $269,000 after buying an additional 187 shares during the period. Caprock Group LLC increased its position in Airbnb by 8.4% in the third quarter. Caprock Group LLC now owns 2,958 shares of the company’s stock worth $406,000 after buying an additional 229 shares during the period. DDD Partners LLC increased its position in Airbnb by 16.9% in the third quarter. DDD Partners LLC now owns 4,020 shares of the company’s stock worth $506,000 after buying an additional 581 shares during the period. Finally, HighMark Wealth Management LLC increased its position in Airbnb by 3,666.7% in the third quarter. HighMark Wealth Management LLC now owns 339 shares of the company’s stock worth $47,000 after buying an additional 330 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

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.