Airbnb (NASDAQ:ABNB) Price Target Cut to $150.00 by Analysts at Susquehanna

Airbnb (NASDAQ:ABNB) had its price objective reduced by Susquehanna from $200.00 to $150.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a positive rating on the stock.

Several other research analysts have also weighed in on the stock. Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on Airbnb from $100.00 to $104.00 and gave the stock an “underweight” rating in a report on Friday. Benchmark reduced their price objective on Airbnb from $178.00 to $155.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley upped their target price on Airbnb from $125.00 to $130.00 and gave the company an “underweight” rating in a report on Thursday, April 17th. Finally, Barclays cut their price target on Airbnb from $120.00 to $103.00 and set an “underweight” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $142.31.

Airbnb Price Performance

Shares of ABNB opened at $124.89 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $122.77 and its two-hundred day moving average is $131.44. Airbnb has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a market capitalization of $78.75 billion, a PE ratio of 30.24, a P/E/G ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Research analysts anticipate that Airbnb will post 4.31 earnings per share for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the sale, the chief technology officer now owns 180,514 shares of the company’s stock, valued at approximately $29,071,779.70. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 190,301 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the transaction, the chief executive officer now directly owns 12,231,685 shares in the company, valued at $1,718,674,059.35. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,953,435 shares of company stock worth $266,592,685 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Airbnb in the 4th quarter valued at approximately $433,374,000. Clearbridge Investments LLC increased its stake in Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after purchasing an additional 2,577,000 shares during the period. Principal Financial Group Inc. lifted its position in shares of Airbnb by 74.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock worth $388,924,000 after buying an additional 1,389,251 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Airbnb by 119.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company’s stock valued at $179,991,000 after buying an additional 820,887 shares during the period. 80.76% of the stock is owned by institutional investors.

About Airbnb

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.