Airbnb (NASDAQ:ABNB) Stock Rating Upgraded by Mizuho

Airbnb (NASDAQ:ABNB) was upgraded by equities researchers at Mizuho from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $200.00 target price on the stock, up from their previous target price of $150.00. Mizuho’s target price indicates a potential upside of 22.69% from the stock’s current price.

ABNB has been the topic of a number of other reports. Truist Financial lifted their price objective on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, March 14th. DA Davidson reiterated a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a report on Friday, March 15th. Wells Fargo & Company lifted their price objective on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. Barclays lifted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Monday, January 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $149.19.

Airbnb Stock Performance

Shares of ABNB stock opened at $163.01 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $105.48 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.06 and a beta of 1.25. The company’s 50 day moving average price is $160.20 and its two-hundred day moving average price is $143.17. Airbnb has a 52 week low of $103.55 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced 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. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. On average, analysts expect that Airbnb will post 4.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total value of $8,794,800.00. Following the completion of the sale, the insider now owns 473,762 shares of the company’s stock, valued at $69,444,033.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the sale, the insider now directly owns 473,762 shares of the company’s stock, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. Insiders sold a total of 456,274 shares of company stock valued at $72,410,859 over the last ninety days. 30.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. CVA Family Office LLC acquired a new position in Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the third quarter valued at about $27,000. Bfsg LLC acquired a new position in Airbnb in the fourth quarter valued at about $27,000. Trust Co. of Vermont acquired a new position in Airbnb in the fourth quarter valued at about $27,000. Finally, Vima LLC acquired a new position in Airbnb in the fourth quarter valued at about $29,000. Institutional investors own 80.76% of the company’s stock.

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.