Airbnb (NASDAQ:ABNB) Rating Increased to Strong-Buy at Mizuho

Mizuho upgraded shares of Airbnb (NASDAQ:ABNB) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company set a $110.00 price objective on Airbnb and gave the company an “underweight” rating in a research report on Thursday, August 7th. Phillip Securities upgraded Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Morgan Stanley decreased their price objective on Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, August 7th. Citizens Jmp upgraded Airbnb to a “hold” rating in a research report on Monday, August 11th. Finally, BNP Paribas upgraded Airbnb to a “hold” rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $141.81.

Airbnb Stock Down 1.2%

Shares of Airbnb stock opened at $121.42 on Monday. The company has a market capitalization of $75.45 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 2.24 and a beta of 1.13. Airbnb has a 52 week low of $99.88 and a 52 week high of $163.93. The stock’s 50-day simple moving average is $127.03 and its 200-day simple moving average is $127.67.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. On average, equities analysts expect that Airbnb will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $125.36, for a total value of $29,584,960.00. Following the transaction, the director owned 15 shares of the company’s stock, valued at $1,880.40. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction on Wednesday, August 20th. The shares were 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. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,438,326 shares of company stock worth $186,735,385 in the last ninety days. 27.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. DDD Partners LLC lifted its position in Airbnb by 3.9% during the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after acquiring an additional 76 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after buying an additional 78 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Airbnb by 12.2% during the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after buying an additional 80 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of Airbnb by 4.4% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company’s stock valued at $237,000 after buying an additional 83 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. Hedge funds and other 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.