Airbnb (NASDAQ:ABNB) Price Target Cut to $140.00

Airbnb (NASDAQ:ABNBGet Rating) had its target price cut by equities research analysts at Citigroup from $160.00 to $140.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 17.43% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. DA Davidson cut their price objective on shares of Airbnb from $210.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday. HSBC cut their target price on shares of Airbnb from $233.00 to $213.00 in a research note on Wednesday, May 4th. Susquehanna cut their target price on shares of Airbnb from $190.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday. Piper Sandler cut their target price on shares of Airbnb from $194.00 to $174.00 in a research note on Wednesday, May 4th. Finally, Argus initiated coverage on shares of Airbnb in a research note on Tuesday, July 26th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $158.97.

Airbnb Trading Up 3.7 %

NASDAQ ABNB opened at $119.22 on Wednesday. The company has a market capitalization of $76.64 billion, a PE ratio of 65.15, a P/E/G ratio of 3.30 and a beta of 1.23. The company has a fifty day moving average of $104.75 and a 200 day moving average of $136.22. Airbnb has a 1 year low of $86.71 and a 1 year high of $212.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.61.

Airbnb (NASDAQ:ABNBGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.86%. During the same period in the previous year, the business earned ($0.11) earnings per share. Research analysts forecast that Airbnb will post 1.9 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, insider Catherine C. Powell sold 5,054 shares of the company’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $115.46, for a total value of $583,534.84. Following the completion of the sale, the insider now directly owns 124,846 shares of the company’s stock, valued at approximately $14,414,719.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $120.63, for a total value of $482,520.00. Following the completion of the sale, the chief technology officer now directly owns 266,203 shares of the company’s stock, valued at approximately $32,112,067.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Catherine C. Powell sold 5,054 shares of the company’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $115.46, for a total value of $583,534.84. Following the completion of the sale, the insider now directly owns 124,846 shares of the company’s stock, valued at $14,414,719.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 598,934 shares of company stock valued at $59,771,495. 32.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

Large investors have recently made changes to their positions in the company. First Foundation Advisors boosted its position in shares of Airbnb by 19.5% in the 1st quarter. First Foundation Advisors now owns 2,842 shares of the company’s stock valued at $488,000 after purchasing an additional 464 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Airbnb by 22.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,499 shares of the company’s stock worth $3,177,000 after acquiring an additional 3,350 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Airbnb by 34.2% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 28,758 shares of the company’s stock worth $4,939,000 after acquiring an additional 7,334 shares during the period. CWM LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $439,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Airbnb by 25.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,415 shares of the company’s stock worth $4,231,000 after acquiring an additional 5,092 shares during the period. 34.66% of the stock is owned by institutional investors and hedge funds.

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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