Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $193.45 and last traded at $190.21, with a volume of 5597051 shares traded. The stock had previously closed at $187.30.
Analyst Ratings Changes
A number of research firms have commented on ABNB. Citizens Jmp boosted their price target on shares of Airbnb from $170.00 to $190.00 and gave the stock a "market outperform" rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Airbnb from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Morgan Stanley boosted their target price on Airbnb from $120.00 to $125.00 and gave the stock an "underweight" rating in a report on Thursday, July 30th. Rodman & Renshaw assumed coverage on Airbnb in a report on Monday, May 4th. They set a "buy" rating on the stock. Finally, Citigroup upped their target price on Airbnb from $175.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $174.03.
Get Our Latest Analysis on Airbnb
Airbnb Trading Up 1.6%
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $113.90 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company's 50 day simple moving average is $155.19 and its two-hundred day simple moving average is $140.03.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. Airbnb's quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. Research analysts expect that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.
Insider Activity at Airbnb
In related news, Director Kenneth I. Chenault sold 8,346 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $170.00, for a total transaction of $1,418,820.00. Following the completion of the sale, the director directly owned 40,879 shares of the company's stock, valued at $6,949,430. The trade was a 16.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 3,748 shares of Airbnb stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $153.34, for a total value of $574,718.32. Following the sale, the chief financial officer directly owned 441,542 shares of the company's stock, valued at approximately $67,706,050.28. This trade represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,121,429 shares of company stock valued at $461,606,751. Insiders own 27.21% of the company's stock.
Institutional Investors Weigh In On Airbnb
Large investors have recently modified their holdings of the business. Transamerica Financial Advisors LLC boosted its position in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock worth $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. raised its holdings in shares of Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in shares of Airbnb in the third quarter worth $27,000. 80.76% of the stock is currently owned by institutional investors.
Airbnb Company Profile
(
Get Free Report)
Airbnb, Inc NASDAQ: ABNB operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.
Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.
Further Reading
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