Airbnb (NASDAQ:ABNB) PT Lowered to $140.00

Airbnb (NASDAQ:ABNBGet Rating) had its price target decreased by investment analysts at Robert W. Baird from $155.00 to $140.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 17.43% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of Airbnb from $200.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday. HSBC cut their price objective on shares of Airbnb from $233.00 to $213.00 in a report on Wednesday, May 4th. Susquehanna cut their price objective on shares of Airbnb from $190.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday. Stifel Nicolaus cut their target price on shares of Airbnb from $205.00 to $180.00 in a research note on Wednesday, May 4th. Finally, Truist Financial cut their target price on shares of Airbnb from $160.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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 posted its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) 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 quarter in the prior year, the firm 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 other news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $120.63, for a total value of $482,520.00. Following the transaction, the chief technology officer now directly owns 266,203 shares in the company, valued at approximately $32,112,067.89. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 4,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $120.63, for a total value of $482,520.00. Following the transaction, the chief technology officer now directly owns 266,203 shares of the company’s stock, valued at approximately $32,112,067.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Belinda J. Johnson sold 20,000 shares of the stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $108.04, for a total transaction of $2,160,800.00. Following the completion of the transaction, the director now directly owns 3,203 shares in the company, valued at $346,052.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 598,934 shares of company stock worth $59,771,495. 32.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Flossbach Von Storch AG acquired a new stake in Airbnb during the 4th quarter worth $1,665,000. CWM LLC acquired a new stake in Airbnb during the 4th quarter worth $439,000. Raymond James Trust N.A. boosted its stake in Airbnb by 46.3% during the 4th quarter. Raymond James Trust N.A. now owns 3,821 shares of the company’s stock worth $636,000 after purchasing an additional 1,209 shares during the period. Centaurus Financial Inc. boosted its stake in Airbnb by 22.9% during the 4th quarter. Centaurus Financial Inc. now owns 2,719 shares of the company’s stock worth $453,000 after purchasing an additional 506 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Airbnb by 158.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 62,044 shares of the company’s stock worth $10,329,000 after purchasing an additional 38,079 shares during the period. 34.66% of the stock is owned by hedge funds and other institutional investors.

About Airbnb

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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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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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