Airbnb (NASDAQ:ABNB) PT Lowered to $130.00 at Susquehanna

Airbnb (NASDAQ:ABNB) had its price objective decreased by Susquehanna from $180.00 to $130.00 in a research report sent to investors on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other analysts have also issued reports on the company. BMO Capital Markets upped their target price on Airbnb from $135.00 to $151.00 and gave the stock a market perform rating in a research note on Thursday, May 9th. Benchmark reaffirmed a buy rating and issued a $190.00 price objective on shares of Airbnb in a research note on Thursday, July 18th. UBS Group upped their price target on shares of Airbnb from $143.00 to $157.00 and gave the company a neutral rating in a research report on Thursday, May 9th. TD Cowen decreased their price objective on Airbnb from $180.00 to $170.00 and set a buy rating on the stock in a report on Thursday, May 9th. Finally, Wedbush restated an outperform rating and set a $165.00 target price on shares of Airbnb in a report on Tuesday, July 30th. 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 company has an average rating of Hold and an average price target of $137.00.

Airbnb Price Performance

Airbnb stock traded up $0.44 during midday trading on Wednesday, reaching $115.08. 4,764,351 shares of the stock were exchanged, compared to its average volume of 4,601,965. Airbnb has a 52 week low of $110.38 and a 52 week 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. The firm has a market cap of $74.12 billion, a PE ratio of 15.41, a PEG ratio of 1.67 and a beta of 1.18. The company’s fifty day moving average is $144.45 and its 200-day moving average is $151.43.

Airbnb (NASDAQ:ABNB) last posted 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 for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. Airbnb’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, sell-side analysts forecast that Airbnb will post 4.66 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at $31,833,968.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the sale, the chief technology officer now owns 208,174 shares in the company, valued at $31,833,968.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 735,492 shares of company stock valued at $109,402,066. 27.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Airbnb during the 1st quarter worth approximately $7,628,000. Rafferty Asset Management LLC increased its holdings in shares of Airbnb by 18.4% in the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock worth $19,720,000 after buying an additional 22,551 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Airbnb during the 4th quarter valued at about $726,000. Cerity Partners LLC lifted its holdings in shares of Airbnb by 14.4% in the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after acquiring an additional 12,008 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its position in Airbnb by 17.2% in the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after acquiring an additional 985 shares in the last quarter. 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.