Airbnb (NASDAQ:ABNB) PT Lowered to $125.00 at Piper Sandler

Airbnb (NASDAQ:ABNB) had its target price decreased by Piper Sandler from $155.00 to $125.00 in a report released on Wednesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. UBS Group upped their price target on Airbnb from $143.00 to $157.00 and gave the stock a neutral rating in a report on Thursday, May 9th. HSBC cut shares of Airbnb from a buy rating to a hold rating and dropped their price target for the company from $160.00 to $156.00 in a research note on Thursday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a neutral rating in a research report on Thursday, May 9th. DA Davidson reiterated a neutral rating and issued a $145.00 target price on shares of Airbnb in a research report on Thursday, May 9th. Finally, TD Cowen decreased their price target on shares of Airbnb from $180.00 to $170.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $137.00.

Airbnb Stock Performance

NASDAQ ABNB traded up $0.44 on Wednesday, hitting $115.08. 4,764,351 shares of the company’s stock traded hands, compared to its average volume of 4,601,965. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $74.12 billion, a PE ratio of 15.41, a P/E/G ratio of 1.67 and a beta of 1.18. The firm’s 50-day moving average price is $144.45 and its two-hundred day moving average price is $151.43.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts expect that Airbnb will post 4.66 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total transaction of $75,942.00. Following the transaction, the chief technology officer now owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Airbnb news, CEO Brian Chesky sold 115,385 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $151.95, for a total value of $17,532,750.75. Following the sale, the chief executive officer now owns 13,914,302 shares of the company’s stock, valued at approximately $2,114,278,188.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total value of $75,942.00. Following the completion of the transaction, the chief technology officer now owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The disclosure for this sale can be found here. Insiders have sold 735,492 shares of company stock worth $109,402,066 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its position in shares of Airbnb by 18.4% during the 4th quarter. DAVENPORT & Co LLC now owns 2,324 shares of the company’s stock worth $316,000 after buying an additional 361 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Airbnb by 2.4% during the fourth quarter. Bleakley Financial Group LLC now owns 7,364 shares of the company’s stock worth $1,003,000 after purchasing an additional 173 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Airbnb by 21.6% during the fourth quarter. Valley National Advisers Inc. now owns 908 shares of the company’s stock worth $123,000 after purchasing an additional 161 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Airbnb by 2.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 57,318 shares of the company’s stock valued at $7,803,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.