JMP Securities Reaffirms “Market Perform” Rating for Airbnb (NASDAQ:ABNB)

JMP Securities reiterated their market perform rating on shares of Airbnb (NASDAQ:ABNB) in a report issued on Monday morning,Benzinga reports.

Several other research firms have also recently commented on ABNB. JPMorgan Chase & Co. lifted their target price on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wedbush lifted their price objective on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Sanford C. Bernstein cut their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Citigroup raised their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Mizuho decreased their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Six 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $139.48.

Airbnb Stock Performance

NASDAQ ABNB opened at $127.54 on Monday. The firm has a market cap of $80.86 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.93 and a beta of 1.13. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a 50 day moving average of $135.78 and a 200-day moving average of $134.45. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the firm earned $2.39 earnings per share. On average, equities analysts forecast that Airbnb will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $130.58, for a total value of $78,348.00. Following the completion of the transaction, the chief technology officer now directly owns 195,244 shares in the company, valued at $25,494,961.52. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 550,307 shares of company stock worth $72,926,063 over the last quarter. Insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb during the third quarter worth $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb during the third quarter worth about $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after acquiring an additional 2,132 shares during the last quarter. Shellback Capital LP purchased a new stake in Airbnb in the second quarter valued at $22,744,000. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Airbnb by 1,231.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after acquiring an additional 19,183 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.