B. Riley Initiates Coverage on Airbnb (NASDAQ:ABNB)

B. Riley assumed coverage on shares of Airbnb (NASDAQ:ABNBFree Report) in a report released on Wednesday, MarketBeat reports. The brokerage issued a neutral rating and a $150.00 price objective on the stock.

Other analysts have also issued research reports about the company. TheStreet raised Airbnb from a c- rating to a b- rating in a research note on Tuesday, December 12th. Susquehanna boosted their price target on Airbnb from $160.00 to $180.00 and gave the company a positive rating in a research note on Wednesday, February 14th. Wedbush reaffirmed a neutral rating and issued a $160.00 price target (up previously from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the company an underweight rating in a research note on Monday, January 29th. Finally, DA Davidson reaffirmed a neutral rating and issued a $145.00 price target on shares of Airbnb in a research note on Friday, March 15th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $145.83.

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Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $159.34 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $156.58 and its two-hundred day moving average is $140.30. The company has a market cap of $103.10 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.07 and a beta of 1.25. Airbnb has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. On average, equities analysts expect that Airbnb will post 4.68 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 22,170 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total value of $3,750,720.60. Following the completion of the transaction, the chief technology officer now directly owns 143,731 shares of the company’s stock, valued at $24,316,410.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 705,836 shares of company stock valued at $106,696,980. Company insiders own 30.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Mount Vernon Associates Inc. MD boosted its position in shares of Airbnb by 1.0% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after buying an additional 75 shares during the period. Cambridge Trust Co. boosted its position in shares of Airbnb by 10.0% during the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after buying an additional 75 shares during the period. Waldron Private Wealth LLC boosted its position in shares of Airbnb by 0.5% during the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock worth $2,201,000 after buying an additional 78 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Airbnb by 36.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after buying an additional 80 shares during the period. Finally, Centurion Wealth Management LLC boosted its position in shares of Airbnb by 2.3% during the fourth quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock worth $491,000 after buying an additional 81 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

About Airbnb

(Get Free Report)

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.

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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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