Airbnb (NASDAQ:ABNB) Price Target Cut to $180.00 by Analysts at Stifel Nicolaus

Airbnb (NASDAQ:ABNB – Get Rating) had its price target reduced by equities researchers at Stifel Nicolaus from $205.00 to $180.00 in a research report issued on Wednesday, The Fly reports. Stifel Nicolaus’ target price would suggest a potential upside of 24.14% from the company’s previous close.

A number of other research firms also recently issued reports on ABNB. Jefferies Financial Group began coverage on shares of Airbnb in a research report on Friday, January 7th. They issued a “buy” rating and a $220.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Airbnb in a research report on Friday, March 11th. They issued a “hold” rating and a $150.00 price target on the stock. Tigress Financial raised their price target on shares of Airbnb from $206.00 to $214.00 and gave the stock a “buy” rating in a research report on Wednesday, March 2nd. The Goldman Sachs Group raised their price target on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sell” rating in a research report on Wednesday, February 16th. Finally, Truist Financial increased their price objective on shares of Airbnb from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $198.51.

NASDAQ ABNB opened at $145.00 on Wednesday. Airbnb has a 12 month low of $129.71 and a 12 month high of $212.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $93.22 billion, a price-to-earnings ratio of -190.79 and a beta of 0.28. The company’s fifty day moving average price is $159.55 and its two-hundred day moving average price is $167.13.

Airbnb (NASDAQ:ABNB – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.24. Airbnb had a negative net margin of 5.88% and a negative return on equity of 5.84%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted ($1.75) EPS. The firm’s revenue was up 70.1% compared to the same quarter last year. As a group, analysts anticipate that Airbnb will post 1.39 EPS for the current year.

In other Airbnb news, CTO Aristotle N. Balogh sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $150.53, for a total value of $677,385.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Belinda J. Johnson sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $165.65, for a total transaction of $3,313,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 723,246 shares of company stock valued at $118,858,067. Corporate insiders own 36.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ABNB. Sandy Spring Bank boosted its holdings in shares of Airbnb by 34.5% during the third quarter. Sandy Spring Bank now owns 195 shares of the company’s stock worth $32,000 after purchasing an additional 50 shares during the period. Equitable Holdings Inc. boosted its holdings in shares of Airbnb by 0.4% during the third quarter. Equitable Holdings Inc. now owns 11,616 shares of the company’s stock worth $1,949,000 after purchasing an additional 52 shares during the period. Silicon Valley Capital Partners boosted its holdings in shares of Airbnb by 3.9% during the third quarter. Silicon Valley Capital Partners now owns 1,476 shares of the company’s stock worth $248,000 after purchasing an additional 55 shares during the period. Financial Counselors Inc. boosted its holdings in shares of Airbnb by 0.5% during the fourth quarter. Financial Counselors Inc. now owns 11,980 shares of the company’s stock worth $1,995,000 after purchasing an additional 62 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Airbnb by 23.6% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 340 shares of the company’s stock worth $57,000 after purchasing an additional 65 shares during the period. Institutional investors own 34.66% of the company’s stock.

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.

Further Reading