Airbnb (NASDAQ:ABNB) PT Lowered to $175.00 at Canaccord Genuity Group

Airbnb (NASDAQ:ABNBGet Rating) had its target price reduced by Canaccord Genuity Group from $200.00 to $175.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus lowered their target price on Airbnb from $205.00 to $180.00 in a research note on Wednesday, May 4th. Credit Suisse Group boosted their target price on Airbnb from $185.00 to $190.00 in a research note on Wednesday, May 4th. UBS Group reduced their price target on Airbnb from $185.00 to $120.00 and set a neutral rating on the stock in a report on Monday, August 1st. Jefferies Financial Group restated a buy rating and set a $160.00 price target on shares of Airbnb in a report on Tuesday, July 12th. Finally, Barclays reduced their price target on Airbnb from $185.00 to $170.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $158.97.

Airbnb Trading Down 1.8 %

Shares of ABNB stock opened at $117.11 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $104.85 and a two-hundred day moving average price of $135.91. Airbnb has a 12-month low of $86.71 and a 12-month high of $212.58. The firm has a market cap of $75.29 billion, a P/E ratio of 63.99, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23.

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

Insider Activity at Airbnb

In related news, insider Catherine C. Powell sold 5,054 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $115.46, for a total value of $583,534.84. Following the transaction, the insider now directly owns 124,846 shares of the company’s stock, valued at approximately $14,414,719.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Belinda J. Johnson sold 20,000 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $108.04, for a total transaction of $2,160,800.00. Following the transaction, the director now directly owns 3,203 shares of the company’s stock, valued at approximately $346,052.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Catherine C. Powell sold 5,054 shares of the stock in a transaction on Friday, May 20th. The shares were sold at an average price of $115.46, for a total value of $583,534.84. Following the transaction, the insider now directly owns 124,846 shares in the company, valued at $14,414,719.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 598,934 shares of company stock valued at $59,771,495. 32.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Flossbach Von Storch AG bought a new position in shares of Airbnb during the 4th quarter valued at $1,665,000. CWM LLC bought a new position in shares of Airbnb during the 4th quarter valued at $439,000. Raymond James Trust N.A. lifted its holdings in shares of Airbnb by 46.3% during the 4th quarter. Raymond James Trust N.A. now owns 3,821 shares of the company’s stock valued at $636,000 after buying an additional 1,209 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of Airbnb by 22.9% during the 4th quarter. Centaurus Financial Inc. now owns 2,719 shares of the company’s stock valued at $453,000 after buying an additional 506 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Airbnb by 158.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 62,044 shares of the company’s stock worth $10,329,000 after purchasing an additional 38,079 shares in the last quarter. 34.66% of the stock is owned by institutional investors.

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.

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