Airbnb (NASDAQ:ABNB) PT Lowered to $150.00

Airbnb (NASDAQ:ABNBGet Rating) had its target price lowered by analysts at Susquehanna from $190.00 to $150.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 25.82% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. UBS Group lowered their price target on Airbnb from $185.00 to $120.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their price objective on Airbnb from $185.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. HSBC decreased their price objective on Airbnb from $233.00 to $213.00 in a report on Wednesday, May 4th. Morgan Stanley decreased their price objective on Airbnb from $145.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, June 23rd. Finally, Needham & Company LLC decreased their price objective on Airbnb from $220.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $158.97.

Airbnb Stock Up 3.7 %

Shares of Airbnb stock opened at $119.22 on Wednesday. Airbnb has a 1 year low of $86.71 and a 1 year high of $212.58. The business has a 50-day moving average of $104.75 and a two-hundred day moving average of $136.22. The company has a market capitalization of $76.64 billion, a P/E ratio of 65.15, a price-to-earnings-growth ratio of 3.30 and a beta of 1.23. 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 announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned ($0.11) earnings per share. As a group, equities analysts predict that Airbnb will post 1.9 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, insider Joseph Gebbia sold 26,332 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $119.28, for a total transaction of $3,140,880.96. Following the transaction, the insider now owns 200,552 shares in the company, valued at approximately $23,921,842.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Airbnb news, 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 transaction of $482,520.00. Following the transaction, the chief technology officer now owns 266,203 shares in the company, valued at approximately $32,112,067.89. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph Gebbia sold 26,332 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $119.28, for a total value of $3,140,880.96. Following the transaction, the insider now owns 200,552 shares in the company, valued at approximately $23,921,842.56. 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. Insiders own 32.69% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC increased its stake in shares of Airbnb by 6.9% in the 1st quarter. Jennison Associates LLC now owns 15,345,417 shares of the company’s stock valued at $2,635,729,000 after purchasing an additional 996,378 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Airbnb by 23.4% in the 1st quarter. Capital Research Global Investors now owns 13,837,492 shares of the company’s stock valued at $2,376,753,000 after purchasing an additional 2,627,359 shares during the last quarter. Polen Capital Management LLC increased its stake in shares of Airbnb by 30.5% in the 1st quarter. Polen Capital Management LLC now owns 12,953,525 shares of the company’s stock valued at $2,224,897,000 after purchasing an additional 3,029,742 shares during the last quarter. BlackRock Inc. increased its stake in shares of Airbnb by 17.7% in the 4th quarter. BlackRock Inc. now owns 8,587,605 shares of the company’s stock valued at $1,429,753,000 after purchasing an additional 1,292,367 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Airbnb by 29.3% in the 4th quarter. Renaissance Technologies LLC now owns 3,587,938 shares of the company’s stock valued at $597,356,000 after purchasing an additional 813,738 shares during the last quarter. Institutional investors own 34.66% of the company’s stock.

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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