Phillip Securities Upgrades Airbnb (NASDAQ:ABNB) to "Hold"

Phillip Securities upgraded shares of Airbnb (NASDAQ:ABNB - Free Report) from a moderate sell rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other analysts also recently commented on the stock. Susquehanna boosted their price objective on shares of Airbnb from $160.00 to $200.00 and gave the stock a "positive" rating in a report on Tuesday, February 18th. Evercore ISI upped their price target on Airbnb to $155.00 and gave the stock a "hold" rating in a report on Wednesday, January 15th. Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Tigress Financial upped their target price on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a report on Friday, March 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $146.06.

Airbnb Stock Up 0.6 %

Airbnb stock traded up $0.79 during midday trading on Wednesday, reaching $123.30. The company's stock had a trading volume of 5,608,284 shares, compared to its average volume of 4,803,556. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $165.50. The company has a market cap of $77.75 billion, a P/E ratio of 29.85, a P/E/G ratio of 3.52 and a beta of 1.15. The business has a 50-day simple moving average of $125.67 and a 200-day simple moving average of $131.90.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now owns 164,850 shares of the company's stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,213,131 shares of company stock valued at $300,179,370. Insiders own 27.83% of the company's stock.

Institutional Trading of Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. Norges Bank bought a new position in Airbnb during the fourth quarter valued at about $433,374,000. Clearbridge Investments LLC grew its stake in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock worth $404,782,000 after purchasing an additional 2,577,000 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Airbnb by 74.4% during the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock worth $388,924,000 after buying an additional 1,389,251 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Airbnb by 119.7% in the first quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock worth $179,991,000 after buying an additional 820,887 shares during the last quarter. 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.