Airbnb (NASDAQ: ABNB) now covered by JPMorgan Chase & Co.
Stock analysts from JPMorgan Chase & Co. launched a coverage on the shares of Airbnb (NASDAQ: ABNB) in a research report released on Monday, Fly reports. The brokerage has set a “neutral” rating for the stock.
A number of other equity research analysts have also weighed on the stock recently. Needham & Company LLC raised its price target for Airbnb shares from $ 194.00 to $ 200.00 and gave the company a “buy” rating in a report released on Friday, August 13. JMP Securities raised its price target for Airbnb shares from $ 180.00 to $ 190.00 and gave the company an “outperformance” rating in a report released on Friday, August 13. Gordon Haskett downgraded Airbnb shares from an “underperformance” rating to a “buy” rating and set a price target of $ 172.00 for the company in a report released on Tuesday the 13th. July. Robert W. Baird reissued a “buy” note and issued a price target of $ 200.00 on Airbnb shares in a report released Friday. Finally, Credit Suisse Group raised its price target on Airbnb shares from $ 164.00 to $ 167.00 and gave the company a “neutral” rating in a report released on Friday, August 13. Two financial analysts assigned a sell rating to the stock, twenty assigned a conservation rating and seventeen assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $ 170.79.
ABNB stock opened at $ 175.88 on Monday. The company has a market capitalization of $ 110.57 billion and a P / E ratio of -11.33. The company has a 50-day simple moving average of $ 153.33 and a 200-day simple moving average of $ 157.54. Airbnb has a 52-week low of $ 121.50 and a 52-week high of $ 219.94. The company has a quick ratio of 1.48, a current ratio of 1.48, and a debt ratio of 0.58.
Airbnb (NASDAQ: ABNB) last released its quarterly earnings data on Wednesday, August 11. The company reported ($ 0.11) earnings per share for the quarter, exceeding the consensus estimate of ($ 0.47) by $ 0.36. The company posted revenue of $ 1.34 billion in the quarter, compared to analysts’ estimates of $ 1.28 billion. Equity analysts expect Airbnb to post -0.27 EPS for the current year.
In other Airbnb news, an insider Joseph Gebbia sold 145,833 shares of the company in a transaction that took place on Thursday, July 1. The stock was sold for an average price of $ 154.16, for a total trade of $ 22,481,615.28. The sale was disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, initiate Catherine C. Powell sold 5,000 shares of the company in a transaction that took place on Tuesday, September 21. The stock was sold for an average price of $ 170.00, for a total value of $ 850,000.00. Disclosure of this sale can be found here. Insiders have sold 2,390,402 shares of the company valued at $ 353,096,991 in the past 90 days. 36.30% of the shares are currently held by insiders.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Jasper Ridge Partners LP purchased a new equity stake in Airbnb in the second quarter valued at approximately $ 2,595,000. Newbridge Financial Services Group Inc. strengthened its position in Airbnb shares by 35.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 420 shares of the company valued at $ 64,000 after acquiring an additional 110 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Airbnb shares in the second quarter for a value of approximately $ 1,777,000. Marshall Wace North America LP increased its position in Airbnb shares by 545.6% in the second quarter. Marshall Wace North America LP now owns 694,546 shares of the company valued at $ 106,363,000 after acquiring an additional 586,972 shares during the period. Finally, Mariner LLC purchased a new stake in Airbnb shares in the second quarter valued at approximately $ 3,218,000. 25.22% of the capital is held by institutional investors.
Airbnb, Inc., along with its subsidiaries, operates a travel and experiences platform for guests around the world. The company’s market model connects hosts and guests online or through mobile devices to book spaces and experiences. It mainly offers private rooms and luxury villas. The company was previously known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.
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