Airbnb (NASDAQ:ABNB) Price Target Cut to $190.00

Airbnb (NASDAQ:ABNBGet Rating) had its target price reduced by analysts at Susquehanna from $235.00 to $190.00 in a research report issued on Thursday, The Fly reports. Susquehanna’s price objective suggests a potential upside of 21.65% from the company’s previous close.

Several other equities analysts have also recently commented on ABNB. Barclays dropped their target price on shares of Airbnb from $185.00 to $170.00 in a research report on Wednesday. Gordon Haskett cut shares of Airbnb from a “buy” rating to a “hold” rating and set a $194.94 target price for the company. in a research report on Tuesday, January 18th. Credit Suisse Group upped their price objective on shares of Airbnb from $185.00 to $190.00 in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 16th. Finally, UBS Group upped their price objective on shares of Airbnb from $178.00 to $185.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $196.97.

Shares of NASDAQ:ABNB opened at $156.18 on Thursday. The firm has a 50 day moving average of $159.45 and a 200-day moving average of $166.98. The stock has a market capitalization of $100.40 billion, a PE ratio of 134.64 and a beta of 0.27. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.42. Airbnb has a 12 month low of $129.71 and a 12 month high of $212.58.

Airbnb (NASDAQ:ABNBGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.24. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Airbnb had a negative net margin of 5.88% and a negative return on equity of 5.84%. The business’s revenue for the quarter was up 70.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.75) EPS. On average, research analysts predict that Airbnb will post 1.41 EPS for the current fiscal year.

In related news, insider Joseph Gebbia sold 300,000 shares of the business’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $161.71, for a total transaction of $48,513,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey D. Jordan sold 5,000 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $160.00, for a total transaction of $800,000.00. Following the transaction, the director now owns 287,204 shares in the company, valued at approximately $45,952,640. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 723,246 shares of company stock worth $118,858,067. Insiders own 36.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baldwin Brothers LLC MA acquired a new position in Airbnb during the fourth quarter worth $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Airbnb during the fourth quarter worth $25,000. Core Wealth Advisors Inc. acquired a new position in Airbnb during the fourth quarter worth $26,000. City State Bank acquired a new position in Airbnb during the fourth quarter worth $26,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Airbnb during the fourth quarter worth $28,000. Hedge funds and other 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.

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