Airbnb (NASDAQ:ABNB) Given “Neutral” Rating at BTIG Research

BTIG Research reiterated their neutral rating on shares of Airbnb (NASDAQ:ABNB) in a research note published on Tuesday morning,Benzinga reports.

Several other research analysts have also issued reports on the company. BNP Paribas upgraded Airbnb to a “hold” rating in a research report on Wednesday, July 16th. BMO Capital Markets set a $124.00 price target on Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Zacks Research upgraded Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Citizens Jmp upgraded Airbnb to a “hold” rating in a research report on Monday, August 11th. Finally, Mizuho assumed coverage on Airbnb in a research report on Monday, September 29th. They issued an “outperform” rating and a $151.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.81.

Airbnb Stock Performance

Shares of ABNB opened at $119.85 on Tuesday. The firm has a market capitalization of $74.48 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.20 and a beta of 1.10. The business’s fifty day moving average price is $125.08 and its two-hundred day moving average price is $127.47. Airbnb has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. As a group, research analysts forecast that Airbnb will post 4.31 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $123.57, for a total transaction of $29,162,520.00. Following the sale, the director owned 940,015 shares of the company’s stock, valued at approximately $116,157,653.55. This trade represents a 20.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 2,246 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the sale, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,431,476 shares of company stock worth $182,776,618. 27.83% of the stock is owned by corporate insiders.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently modified their holdings of the company. Kentucky Trust Co acquired a new stake in shares of Airbnb in the 2nd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Concord Wealth Partners acquired a new stake in shares of Airbnb in the second quarter valued at about $28,000. Stonebridge Financial Group LLC increased its position in shares of Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its position in shares of Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.