Airbnb (NASDAQ:ABNB) Given New $120.00 Price Target at UBS Group

Airbnb (NASDAQ:ABNBGet Rating) had its target price cut by UBS Group from $185.00 to $120.00 in a research note issued to investors on Monday, Stock Target Advisor reports. They currently have a neutral rating on the stock.

ABNB has been the topic of several other research reports. Susquehanna Bancshares decreased their price target on shares of Airbnb from $235.00 to $190.00 in a research report on Thursday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Airbnb from $185.00 to $110.00 and set a neutral rating on the stock in a research report on Wednesday, June 29th. Credit Suisse Group lifted their price objective on shares of Airbnb from $185.00 to $190.00 in a research report on Wednesday, May 4th. The Goldman Sachs Group lowered their price objective on shares of Airbnb from $150.00 to $95.00 and set a sell rating on the stock in a research report on Thursday, June 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Airbnb from $205.00 to $180.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $173.03.

Airbnb Trading Up 0.2 %

Airbnb stock opened at $111.20 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $71.49 billion, a price-to-earnings ratio of 95.86, a price-to-earnings-growth ratio of 3.14 and a beta of 1.22. Airbnb has a 1 year low of $86.71 and a 1 year high of $212.58. The firm’s 50 day moving average price is $104.46 and its two-hundred day moving average price is $136.51.

Airbnb (NASDAQ:ABNBGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. Airbnb had a net margin of 12.12% and a return on equity of 18.51%. The firm’s quarterly revenue was up 70.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.75) earnings per share. On average, research analysts predict that Airbnb will post 1.9 EPS for the current fiscal year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $120.63, for a total transaction of $482,520.00. Following the completion of the transaction, the chief technology officer now owns 266,203 shares of the company’s stock, valued at $32,112,067.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $120.63, for a total transaction of $482,520.00. Following the completion of the transaction, the chief technology officer now owns 266,203 shares of the company’s stock, valued at $32,112,067.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Gebbia sold 15,523 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $106.01, for a total transaction of $1,645,593.23. Following the transaction, the insider now directly owns 200,552 shares of the company’s stock, valued at approximately $21,260,517.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 616,434 shares of company stock valued at $62,540,295. Insiders own 32.69% of the company’s stock.

Institutional Trading of Airbnb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC increased its stake in Airbnb by 6.9% in the first quarter. Jennison Associates LLC now owns 15,345,417 shares of the company’s stock valued at $2,635,729,000 after acquiring an additional 996,378 shares during the period. Capital Research Global Investors increased its stake in Airbnb by 23.4% in the first quarter. Capital Research Global Investors now owns 13,837,492 shares of the company’s stock valued at $2,376,753,000 after acquiring an additional 2,627,359 shares during the period. Polen Capital Management LLC increased its stake in Airbnb by 30.5% in the first quarter. Polen Capital Management LLC now owns 12,953,525 shares of the company’s stock valued at $2,224,897,000 after acquiring an additional 3,029,742 shares during the period. BlackRock Inc. increased its stake in Airbnb by 17.7% in the fourth quarter. BlackRock Inc. now owns 8,587,605 shares of the company’s stock valued at $1,429,753,000 after acquiring an additional 1,292,367 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Airbnb by 29.3% in the fourth quarter. Renaissance Technologies LLC now owns 3,587,938 shares of the company’s stock valued at $597,356,000 after acquiring an additional 813,738 shares during the period. Institutional investors own 34.66% of the company’s stock.

About Airbnb

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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