Airbnb (NASDAQ:ABNB) PT Lowered to $135.00 at Mizuho

Airbnb (NASDAQ:ABNBGet Rating) had its price objective cut by Mizuho from $175.00 to $135.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently weighed in on ABNB. Needham & Company LLC decreased their price target on shares of Airbnb from $220.00 to $150.00 and set a buy rating on the stock in a research note on Wednesday. HSBC reduced their target price on shares of Airbnb from $233.00 to $213.00 in a research note on Wednesday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of Airbnb from $185.00 to $110.00 and set a neutral rating on the stock in a research note on Wednesday, June 29th. Susquehanna Bancshares reduced their target price on shares of Airbnb from $190.00 to $150.00 and set a positive rating on the stock in a research note on Wednesday. Finally, UBS Group reduced their target price on shares of Airbnb from $185.00 to $120.00 and set a neutral rating on the stock in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $158.97.

Airbnb Stock Down 1.8 %

ABNB opened at $117.11 on Wednesday. Airbnb has a fifty-two week low of $86.71 and a fifty-two week high of $212.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.61. The firm’s fifty day moving average price is $104.85 and its two-hundred day moving average price is $135.91. The company has a market capitalization of $75.29 billion, a P/E ratio of 63.99, a P/E/G ratio of 2.92 and a beta of 1.23.

Airbnb (NASDAQ:ABNBGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same quarter in the prior year, the company earned ($0.11) EPS. On average, analysts anticipate that Airbnb will post 2.2 EPS for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $120.63, for a total value of $482,520.00. Following the completion of the sale, the chief technology officer now directly owns 266,203 shares of the company’s stock, valued at approximately $32,112,067.89. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CTO Aristotle N. Balogh sold 2,500 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $110.00, for a total value of $275,000.00. Following the completion of the sale, the chief technology officer now directly owns 258,703 shares of the company’s stock, valued at approximately $28,457,330. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $120.63, for a total value of $482,520.00. Following the completion of the transaction, the chief technology officer now owns 266,203 shares of the company’s stock, valued at $32,112,067.89. The disclosure for this sale can be found here. Insiders sold a total of 598,934 shares of company stock valued at $59,771,495 in the last ninety days. 32.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Polen Capital Management LLC grew its position in shares of Airbnb by 30.5% in the 1st quarter. Polen Capital Management LLC now owns 12,953,525 shares of the company’s stock valued at $2,224,897,000 after purchasing an additional 3,029,742 shares during the period. Capital Research Global Investors grew its position in shares of Airbnb by 23.4% in the 1st quarter. Capital Research Global Investors now owns 13,837,492 shares of the company’s stock valued at $2,376,753,000 after purchasing an additional 2,627,359 shares during the period. First Republic Investment Management Inc. grew its position in shares of Airbnb by 339.9% in the 4th quarter. First Republic Investment Management Inc. now owns 1,870,367 shares of the company’s stock valued at $311,397,000 after purchasing an additional 1,445,174 shares during the period. BlackRock Inc. grew its position in shares of Airbnb by 17.7% in the 4th quarter. BlackRock Inc. now owns 8,587,605 shares of the company’s stock valued at $1,429,753,000 after purchasing an additional 1,292,367 shares during the period. Finally, State Street Corp grew its position in shares of Airbnb by 55.8% in the 4th quarter. State Street Corp now owns 3,183,778 shares of the company’s stock valued at $530,067,000 after purchasing an additional 1,139,981 shares during the period. 34.66% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Company Profile

(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.

See Also

Analyst Recommendations for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.