Airbnb (NASDAQ:ABNB) Upgraded at Argus

Airbnb (NASDAQ:ABNB) was upgraded by investment analysts at Argus to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on ABNB. BMO Capital Markets upped their target price on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, February 13th. BNP Paribas Exane started coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “hold” rating on the stock. B. Riley Financial upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $170.00 in a report on Monday, January 12th. Wells Fargo & Company raised their price objective on shares of Airbnb from $128.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, BTIG Research reissued a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $148.69.

Airbnb Trading Up 0.0%

NASDAQ:ABNB opened at $124.27 on Tuesday. The company has a 50-day moving average of $131.15 and a 200-day moving average of $126.01. The firm has a market cap of $76.49 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. Airbnb has a twelve month low of $99.88 and a twelve month high of $160.00.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 earnings per share. On average, research analysts forecast that Airbnb will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $121.15, for a total value of $7,026,700.00. Following the transaction, the director directly owned 402,015 shares of the company’s stock, valued at $48,704,117.25. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the sale, the chief financial officer owned 410,530 shares of the company’s stock, valued at approximately $53,368,900. This represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,027,422 shares of company stock worth $127,060,208 in the last ninety days. Company insiders own 27.91% of the company’s stock.

Institutional Trading of Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd bought a new stake in Airbnb in the third quarter worth $25,000. ORG Partners LLC lifted its position in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $27,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.