Mizuho Upgrades Airbnb (NASDAQ:ABNB) to “Buy”

Mizuho upgraded shares of Airbnb (NASDAQ:ABNB) from a neutral rating to a buy rating in a research note released on Wednesday, MarketBeat Ratings reports. They currently have $200.00 price target on the stock, up from their previous price target of $150.00.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Airbnb from $140.00 to $150.00 and gave the stock a sector perform rating in a research report on Wednesday, February 14th. UBS Group reduced their price objective on shares of Airbnb from $148.00 to $143.00 and set a neutral rating for the company in a research report on Wednesday, February 14th. B. Riley initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a neutral rating and a $150.00 price objective for the company. Piper Sandler upped their price target on shares of Airbnb from $136.00 to $145.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. Finally, Susquehanna upped their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a positive rating in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $149.19.

Airbnb Stock Up 1.2 %

Shares of Airbnb stock opened at $162.84 on Wednesday. Airbnb has a 52-week low of $103.55 and a 52-week high of $170.10. The company has a 50 day moving average of $160.10 and a 200 day moving average of $143.03. 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 company has a market capitalization of $105.37 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.01 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 net margin of 48.32% and a return on equity of 40.96%. As a group, research analysts forecast that Airbnb will post 4.63 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the transaction, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at approximately $34,548,134.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the transaction, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at approximately $34,548,134.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction on 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 in the company, valued at $24,435,238.30. The disclosure for this sale can be found here. Insiders have sold a total of 463,674 shares of company stock valued at $73,516,515 in the last ninety days. 30.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the business. CVA Family Office LLC purchased a new stake in shares of Airbnb in the 4th quarter worth about $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb in the 3rd quarter worth about $27,000. Bfsg LLC purchased a new stake in shares of Airbnb in the 4th quarter worth about $27,000. Trust Co. of Vermont purchased a new stake in shares of Airbnb in the 4th quarter worth about $27,000. Finally, Vima LLC purchased a new stake in shares of Airbnb in the 4th quarter worth about $29,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.