Airbnb (NASDAQ:ABNB) PT Lowered to $132.00

Airbnb (NASDAQ:ABNB) had its price target cut by Bank of America from $160.00 to $132.00 in a report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

ABNB has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on Airbnb from $145.00 to $121.00 and set a neutral rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on Airbnb from $143.00 to $90.00 and set a hold rating for the company in a research report on Wednesday. Robert W. Baird lowered their price target on Airbnb from $140.00 to $120.00 and set a neutral rating for the company in a research report on Wednesday. BMO Capital Markets lowered their price target on Airbnb from $151.00 to $130.00 and set a market perform rating for the company in a research report on Wednesday. Finally, Piper Sandler Companies boosted their price target on Airbnb from $145.00 to $155.00 and gave the company a neutral rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $137.00.

Airbnb Trading Up 0.4 %

Airbnb stock traded up $0.44 during trading on Wednesday, hitting $115.08. The company’s stock had a trading volume of 4,764,351 shares, compared to its average volume of 4,601,965. The stock has a market capitalization of $74.12 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.67 and a beta of 1.18. The stock’s fifty day moving average is $144.45 and its 200 day moving average is $151.43. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that Airbnb will post 4.66 EPS for the current year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total value of $87,600.00. Following the completion of the transaction, the chief technology officer now directly owns 211,774 shares of the company’s stock, valued at approximately $30,919,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total value of $87,600.00. Following the completion of the transaction, the chief technology officer now directly owns 211,774 shares of the company’s stock, valued at approximately $30,919,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total value of $16,855,440.80. Following the completion of the transaction, the chief executive officer now directly owns 14,260,457 shares of the company’s stock, valued at $2,083,167,558.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 735,492 shares of company stock worth $109,402,066. 27.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Joel Isaacson & Co. LLC boosted its stake in Airbnb by 2.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after purchasing an additional 67 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares in the last quarter. Cigna Investments Inc. New boosted its stake in Airbnb by 1.6% during the 1st quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock valued at $729,000 after purchasing an additional 69 shares in the last quarter. Farrow Financial Inc. boosted its stake in Airbnb by 1.0% during the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares in the last quarter. Finally, Heritage Wealth Advisors boosted its stake in Airbnb by 55.0% during the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

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.