Airbnb (NASDAQ:ABNB) Upgraded by BNP Paribas to Hold Rating

BNP Paribas upgraded shares of Airbnb (NASDAQ:ABNB - Free Report) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Several other research analysts have also commented on ABNB. Phillip Securities lowered Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Wedbush lowered Airbnb from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $150.00 to $135.00 in a research report on Friday, May 2nd. Canaccord Genuity Group reduced their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Piper Sandler reduced their price target on Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $141.50.

Airbnb Price Performance

Shares of Airbnb stock traded up $0.04 on Wednesday, reaching $139.34. The company had a trading volume of 2,981,869 shares, compared to its average volume of 5,039,366. The firm's 50-day moving average price is $134.35 and its two-hundred day moving average price is $130.79. Airbnb has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a market cap of $87.28 billion, a price-to-earnings ratio of 35.19, a P/E/G ratio of 2.61 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. Airbnb's revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Airbnb will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Monday, May 5th. The stock was sold at an average price of $123.43, for a total value of $771,437.50. Following the completion of the transaction, the chief financial officer directly owned 485,080 shares in the company, valued at approximately $59,873,424.40. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00. Following the completion of the transaction, the director owned 1,416,015 shares of the company's stock, valued at approximately $182,184,489.90. This trade represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,629,043 shares of company stock worth $210,678,753 over the last ninety days. Company insiders own 27.91% of the company's stock.

Institutional Trading of Airbnb

A number of institutional investors have recently bought and sold shares of the business. Kentucky Trust Co acquired a new stake in shares of Airbnb during the second quarter worth about $25,000. Park Square Financial Group LLC acquired a new position in Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the 4th quarter valued at about $28,000. Graney & King LLC acquired a new position in Airbnb in the 4th quarter valued at about $32,000. Finally, Stonebridge Financial Group LLC increased its position in Airbnb by 75.7% in the 1st 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 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.