Airbnb’s (ABNB) “Market Perform” Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Airbnb (NASDAQ:ABNB) in a research note released on Monday,Benzinga reports.

ABNB has been the subject of a number of other research reports. Raymond James assumed coverage on shares of Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Truist Financial reduced their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Barclays increased their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, Robert W. Baird increased their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $138.94.

Airbnb Price Performance

ABNB opened at $132.20 on Monday. 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 market capitalization of $83.81 billion, a P/E ratio of 46.39, a P/E/G ratio of 1.93 and a beta of 1.13. The company’s 50-day simple moving average is $135.95 and its two-hundred day simple moving average is $134.59. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the company earned $2.39 EPS. As a group, analysts predict that Airbnb will post 3.99 EPS for the current year.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $130.58, for a total transaction of $78,348.00. Following the transaction, the chief technology officer now owns 195,244 shares of the company’s stock, valued at approximately $25,494,961.52. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 550,307 shares of company stock worth $72,926,063. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of hedge funds have recently bought and sold shares of the company. GYL Financial Synergies LLC raised its position in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares in the last quarter. HB Wealth Management LLC lifted its position in Airbnb by 1.6% in the second quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after purchasing an additional 76 shares during the period. Optas LLC lifted its position in Airbnb by 4.5% in the second quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after purchasing an additional 78 shares during the period. Sage Mountain Advisors LLC lifted its position in Airbnb by 1.1% in the second quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after purchasing an additional 79 shares during the period. Finally, Asset Dedication LLC lifted its position in Airbnb by 7.6% in the second quarter. Asset Dedication LLC now owns 1,193 shares of the company’s stock worth $181,000 after purchasing an additional 84 shares during the period. 80.76% of the stock is owned by hedge funds and other 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.