Airbnb (NASDAQ:ABNB) Upgraded to Buy by Mizuho

Airbnb (NASDAQ:ABNB) was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating in a report released on Wednesday, MarketBeat reports. The firm presently has a $200.00 price objective on the stock, up from their previous price objective of $150.00. Mizuho’s price target would suggest a potential upside of 22.69% from the stock’s current price.

Several other research analysts have also recently weighed in on ABNB. UBS Group decreased their price target on Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Wells Fargo & Company boosted their price target on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research note on Monday, April 1st. B. Riley Financial started coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $149.19.

Airbnb Trading Up 0.1 %

Airbnb stock opened at $163.01 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $160.20 and its two-hundred day simple moving average is $143.17. Airbnb has a 12 month low of $103.55 and a 12 month high of $170.10. The company has a market capitalization of $105.48 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.06 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities analysts predict that Airbnb will post 4.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now owns 146,131 shares in the company, valued at $22,695,605.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the transaction, the chief technology officer now owns 146,131 shares of the company’s stock, valued at $22,695,605.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders sold a total of 456,274 shares of company stock worth $72,410,859 over the last quarter. 30.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. Vanguard Group Inc. boosted its stake in shares of Airbnb by 43.0% in the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after acquiring an additional 10,301,746 shares during the period. Norges Bank bought a new position in Airbnb during the fourth quarter valued at approximately $619,584,000. Edgewood Management LLC boosted its stake in Airbnb by 20.8% during the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after buying an additional 2,135,529 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Airbnb during the third quarter valued at approximately $235,338,000. Finally, Northern Trust Corp boosted its stake in Airbnb by 41.3% during the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after buying an additional 1,276,456 shares during the last quarter. Institutional investors 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.