Airbnb (NASDAQ:ABNB) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Airbnb (NASDAQ:ABNB) in a research note issued to investors on Thursday, MarketBeat Ratings reports.

A number of other equities research analysts also recently issued reports on the company. 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. Truist Financial boosted their price objective on Airbnb from $118.00 to $131.00 and gave the company a hold rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. boosted 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. DA Davidson reiterated a neutral rating and set a $145.00 price objective on shares of Airbnb in a research note on Friday, March 15th. Finally, Piper Sandler boosted 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. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $147.58.

Airbnb Trading Up 3.2 %

Airbnb stock opened at $165.42 on Thursday. The business has a 50-day simple moving average of $158.27 and a two-hundred day simple moving average of $141.29. The company has a market cap of $107.04 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.05 and a beta of 1.25. Airbnb has a 52-week low of $103.55 and a 52-week high of $170.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $2.22 billion during 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%. Analysts predict that Airbnb will post 4.63 EPS for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the completion of the sale, the chief technology officer now directly owns 222,304 shares in the company, valued at $35,913,211.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now owns 222,304 shares in the company, valued at $35,913,211.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 2,750 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $136.00, for a total value of $374,000.00. Following the transaction, the chief technology officer now owns 151,146 shares in the company, valued at approximately $20,555,856. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 615,367 shares of company stock worth $94,049,172. 30.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently made changes to their positions in the company. Mount Vernon Associates Inc. MD grew its stake in Airbnb by 1.0% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after purchasing an additional 75 shares during the last quarter. Cambridge Trust Co. grew its stake in Airbnb by 10.0% in the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock valued at $112,000 after purchasing an additional 75 shares during the last quarter. Waldron Private Wealth LLC grew its stake in Airbnb by 0.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after purchasing an additional 78 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after purchasing an additional 80 shares during the last quarter. Finally, Centurion Wealth Management LLC grew its stake in Airbnb by 2.3% in the fourth quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

About Airbnb

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.