Airbnb (NASDAQ:ABNB) Price Target Cut to $165.00

Airbnb (NASDAQ:ABNBGet Rating) had its price objective cut by research analysts at Credit Suisse Group from $190.00 to $165.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 38.40% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Mizuho decreased their price target on Airbnb from $175.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler cut their target price on Airbnb from $194.00 to $174.00 in a research report on Wednesday, May 4th. Robert W. Baird cut their target price on Airbnb from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group cut their target price on Airbnb from $185.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Susquehanna Bancshares cut their target price on Airbnb from $190.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.97.

Airbnb Trading Up 3.7 %

Shares of ABNB stock opened at $119.22 on Wednesday. The stock has a market cap of $76.64 billion, a price-to-earnings ratio of 65.15, a PEG ratio of 3.30 and a beta of 1.23. The stock has a 50-day moving average of $104.75 and a 200-day moving average of $136.22. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.42. Airbnb has a 1-year low of $86.71 and a 1-year high of $212.58.

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

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $120.63, for a total transaction 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 $32,112,067.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $110.00, for a total value of $275,000.00. Following the completion of the sale, the chief technology officer now directly owns 258,703 shares of the company’s stock, valued at $28,457,330. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 4,000 shares of the firm’s stock in a transaction on 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 $32,112,067.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 598,934 shares of company stock valued at $59,771,495. 32.69% of the stock is owned by insiders.

Institutional Trading of Airbnb

A number of large investors have recently bought and sold shares of the company. Glassman Wealth Services purchased a new stake in Airbnb in the second quarter worth $33,000. Zenyatta Capital Management LP purchased a new stake in Airbnb in the second quarter worth $267,000. Focused Wealth Management Inc boosted its holdings in shares of Airbnb by 25.9% in the second quarter. Focused Wealth Management Inc now owns 11,551 shares of the company’s stock worth $1,029,000 after acquiring an additional 2,377 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Airbnb by 12.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 197,752 shares of the company’s stock worth $17,616,000 after acquiring an additional 22,060 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of Airbnb by 82.7% in the second quarter. Vestmark Advisory Solutions Inc. now owns 26,930 shares of the company’s stock worth $2,399,000 after acquiring an additional 12,190 shares during the period. 34.66% of the stock is owned by hedge funds and other institutional investors.

Airbnb Company Profile

(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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