Airbnb's (ABNB) Market Perform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Airbnb (NASDAQ:ABNB - Free Report) in a report published on Monday morning,Benzinga reports.

A number of other analysts have also recently weighed in on ABNB. Argus cut Airbnb from a "buy" rating to a "hold" rating in a research report on Wednesday, September 4th. Mizuho reduced their price target on shares of Airbnb from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, September 13th. Bank of America reissued a "hold" rating and issued a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Friday, November 8th. Finally, Raymond James initiated coverage on Airbnb in a report on Friday, September 27th. They set a "market perform" rating and a $134.00 price target for the company. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $138.94.

Airbnb Stock Up 1.0 %

ABNB traded up $1.25 on Monday, hitting $132.20. The company had a trading volume of 4,135,825 shares, compared to its average volume of 4,517,989. The stock has a market capitalization of $83.81 billion, a price-to-earnings ratio of 45.95, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a fifty day moving average price of $135.91 and a 200-day moving average price of $134.69. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the firm earned $2.39 EPS. Analysts predict that Airbnb will post 3.99 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 9,603 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 787,926 shares of company stock valued at $101,440,343 over the last quarter. Company insiders own 27.83% of the company's stock.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently modified their holdings of the business. New Millennium Group LLC purchased a new position in Airbnb in the 2nd quarter valued at about $28,000. Cultivar Capital Inc. acquired a new position in Airbnb in the second quarter valued at $30,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the 3rd quarter worth about $25,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after buying an additional 200 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new stake in Airbnb during the second quarter worth approximately $36,000. 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.