Airbnb (NASDAQ:ABNB) Now Covered by Analysts at Benchmark

Benchmark began coverage on shares of Airbnb (NASDAQ:ABNB) in a research report sent to investors on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $190.00 price target on the stock.

ABNB has been the topic of several other research reports. Wedbush reiterated a neutral rating and issued a $160.00 price objective (up previously from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped 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. Bank of America upped their price objective on Airbnb from $155.00 to $168.00 and gave the company a neutral rating in a research note on Thursday, March 14th. BMO Capital Markets upped their price objective on Airbnb from $134.00 to $135.00 and gave the company a market perform rating in a research note on Wednesday, February 14th. Finally, Tigress Financial upped their price objective on Airbnb from $185.00 to $195.00 and gave the company a buy rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $147.58.

Airbnb Stock Performance

ABNB stock opened at $165.42 on Thursday. The firm has a market cap of $107.04 billion, a PE ratio of 22.85, a P/E/G ratio of 2.05 and a beta of 1.25. 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 has a 50 day moving average of $158.27 and a 200-day moving average of $141.29. Airbnb has a 12-month low of $103.55 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, sell-side analysts expect that Airbnb will post 4.63 earnings per share for the current year.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 22,170 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the transaction, the chief technology officer now directly owns 143,731 shares of the company’s stock, valued at $24,316,410.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now directly owns 144,331 shares in the company, valued at $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold a total of 615,367 shares of company stock valued at $94,049,172 over the last 90 days. 30.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CVA Family Office LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the third quarter worth about $27,000. Bfsg LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $27,000. Trust Co. of Vermont bought a new stake in shares of Airbnb in the fourth quarter worth about $27,000. Finally, West Tower Group LLC grew its stake in shares of Airbnb by 747.8% in the fourth quarter. West Tower Group LLC now owns 195 shares of the company’s stock worth $27,000 after purchasing an additional 172 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

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.