Mizuho Lowers Airbnb (NASDAQ:ABNB) Price Target to $135.00

Airbnb (NASDAQ:ABNBGet Rating) had its price objective decreased by equities researchers at Mizuho from $175.00 to $135.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential upside of 13.24% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Citigroup reduced their target price on Airbnb from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Piper Sandler dropped their target price on Airbnb from $194.00 to $174.00 in a research report on Wednesday, May 4th. JPMorgan Chase & Co. dropped their target price on Airbnb from $185.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Needham & Company LLC dropped their target price on Airbnb from $220.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays dropped their target price on Airbnb from $185.00 to $170.00 in a research report on Wednesday, May 4th. One equities 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.97.

Airbnb Price Performance

Airbnb stock opened at $119.22 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. Airbnb has a 12-month low of $86.71 and a 12-month high of $212.58. The stock has a market cap of $76.64 billion, a price-to-earnings ratio of 65.15, a P/E/G ratio of 3.30 and a beta of 1.23. The business’s 50-day simple moving average is $104.75 and its 200 day simple moving average is $136.22.

Airbnb (NASDAQ:ABNBGet Rating) last issued its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company earned ($0.11) EPS. As a group, research analysts anticipate that Airbnb will post 1.9 earnings per share for the current year.

Insider Activity at Airbnb

In related news, insider Joseph Gebbia sold 26,332 shares of the business’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 completion of the sale, the insider now directly owns 200,552 shares in the company, valued at approximately $23,921,842.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joseph Gebbia sold 26,332 shares of the company’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 completion of the sale, the insider now directly 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 accessible through this hyperlink. Also, Director Belinda J. Johnson sold 20,000 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $108.04, for a total value of $2,160,800.00. Following the sale, the director now owns 3,203 shares of the company’s stock, valued at $346,052.12. The disclosure for this sale can be found here. Insiders sold 598,934 shares of company stock worth $59,771,495 in the last ninety days. 32.69% of the stock is owned by company insiders.

Institutional Trading of Airbnb

Institutional investors have recently modified their holdings of the stock. Wellesley Asset Management bought a new stake in shares of Airbnb during the 1st quarter valued at $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Airbnb during the 4th quarter valued at $25,000. Core Wealth Advisors Inc. acquired a new position in shares of Airbnb during the 4th quarter worth $26,000. Elequin Capital LP acquired a new position in shares of Airbnb during the 1st quarter worth $27,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Airbnb during the 4th quarter worth $28,000. 34.66% of the stock is currently owned by institutional investors.

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.

Read More

Analyst Recommendations for Airbnb (NASDAQ:ABNB)

Want More Great Investing Ideas?

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.