Robert W. Baird Trims Airbnb (NASDAQ:ABNB) Target Price to $140.00

Airbnb (NASDAQ:ABNBGet Rating) had its target price decreased by Robert W. Baird from $155.00 to $140.00 in a report issued on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Wolfe Research dropped their price target on Airbnb from $130.00 to $110.00 and set a peer perform rating on the stock in a research note on Wednesday, June 15th. Morgan Stanley lowered their target price on Airbnb from $145.00 to $100.00 and set an equal weight rating on the stock in a research report on Thursday, June 23rd. JPMorgan Chase & Co. lowered their target price on Airbnb from $185.00 to $110.00 and set a neutral rating on the stock in a research report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Airbnb from $120.00 to $110.00 and set a hold rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus lowered their target price on Airbnb from $205.00 to $180.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Airbnb has an average rating of Hold and a consensus price target of $158.97.

Airbnb Stock Performance

ABNB stock opened at $117.11 on Wednesday. The company 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 has a 1 year low of $86.71 and a 1 year 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 stock’s fifty day moving average price is $104.85 and its 200-day moving average price is $135.91.

Airbnb (NASDAQ:ABNBGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company posted ($0.11) EPS. On average, equities analysts forecast that Airbnb will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In other Airbnb news, Director Belinda J. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $96.39, for a total transaction of $96,390.00. Following the sale, the director now directly owns 5,920 shares of the company’s stock, valued at $570,628.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $120.63, for a total transaction of $482,520.00. Following the completion of the transaction, the chief technology officer now owns 266,203 shares in the company, valued at $32,112,067.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Belinda J. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $96.39, for a total value of $96,390.00. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $570,628.80. The disclosure for this sale can be found here. Insiders have sold 598,934 shares of company stock valued at $59,771,495 over the last ninety days. 32.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ABNB. Polen Capital Management LLC boosted its position in shares of Airbnb by 30.5% during the first quarter. Polen Capital Management LLC now owns 12,953,525 shares of the company’s stock valued at $2,224,897,000 after buying an additional 3,029,742 shares during the period. Capital Research Global Investors boosted its holdings in shares of Airbnb by 23.4% in the first 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. boosted its holdings in shares of Airbnb by 339.9% in the fourth 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. boosted its holdings in shares of Airbnb by 17.7% in the fourth 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 boosted its holdings in shares of Airbnb by 55.8% in the fourth 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. 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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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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