Airbnb (NASDAQ:ABNB) Price Target Lowered to $130.00 at BMO Capital Markets

Airbnb (NASDAQ:ABNB) had its target price cut by BMO Capital Markets from $151.00 to $130.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a market perform rating on the stock.

A number of other analysts also recently issued reports on the company. Susquehanna cut their price objective on Airbnb from $180.00 to $130.00 and set a positive rating for the company in a research report on Wednesday. Mizuho raised shares of Airbnb from a neutral rating to a buy rating and increased their price objective for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. HSBC lowered Airbnb from a buy rating to a hold rating and cut their target price for the company from $160.00 to $156.00 in a research report on Thursday, May 9th. Piper Sandler Companies raised their price target on Airbnb from $145.00 to $155.00 and gave the stock a neutral rating in a research report on Thursday, May 9th. Finally, Citigroup dropped their price objective on Airbnb from $170.00 to $167.00 and set a buy rating for the company in a research note on Thursday, May 9th. 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. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $137.00.

Airbnb Trading Up 0.4 %

ABNB stock traded up $0.44 during trading on Wednesday, reaching $115.08. 4,764,351 shares of the stock were exchanged, compared to its average volume of 4,601,965. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm 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 business has a 50 day moving average price of $144.45 and a 200-day moving average price of $151.43. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. On average, research analysts predict that Airbnb will post 4.66 earnings per share for the current year.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total transaction of $87,600.00. Following the transaction, the chief technology officer now owns 211,774 shares of the company’s stock, valued at $30,919,004. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of Airbnb 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 transaction, the director now directly owns 46,467 shares in the company, valued at $6,971,908.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the sale, the chief technology officer now directly owns 211,774 shares of the company’s stock, valued at $30,919,004. The disclosure for this sale can be found here. Insiders sold a total of 735,492 shares of company stock valued at $109,402,066 over the last ninety days. Insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC purchased a new position in shares of Airbnb in the 1st quarter valued at approximately $25,000. New Millennium Group LLC purchased a new position in Airbnb in the 2nd quarter valued at $28,000. Trust Co. of Vermont acquired a new position in Airbnb in the 4th quarter valued at $27,000. Bfsg LLC purchased a new position in Airbnb during the 4th quarter worth $27,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Airbnb in the 1st quarter worth $33,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.