Susquehanna Issues Pessimistic Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb (NASDAQ:ABNB) had its target price cut by analysts at Susquehanna from $200.00 to $150.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 23.28% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Robert W. Baird reduced their price objective on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. UBS Group lowered their target price on Airbnb from $160.00 to $138.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Cantor Fitzgerald reduced their price target on Airbnb from $101.00 to $100.00 and set an “underweight” rating on the stock in a research report on Friday, May 2nd. Finally, Tigress Financial raised their price objective on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $142.31.

Airbnb Price Performance

Shares of ABNB stock opened at $121.67 on Monday. The business has a fifty day simple moving average of $122.42 and a 200 day simple moving average of $131.37. The company has a market cap of $76.72 billion, a P/E ratio of 29.46, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results 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). The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. On average, sell-side analysts forecast that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total value of $23,305,636.60. Following the transaction, the director now owns 2,294,870 shares of the company’s stock, valued at $249,590,061.20. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,953,435 shares of company stock worth $266,592,685 in the last 90 days. Insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MJP Associates Inc. ADV increased its position in shares of Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after acquiring an additional 67 shares during the period. CAP Partners LLC increased its holdings in Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares during the period. Lindbrook Capital LLC raised its position in Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares during the last quarter. Ellevest Inc. lifted its holdings in Airbnb by 3.1% in the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock worth $349,000 after buying an additional 80 shares during the period. Finally, Manchester Capital Management LLC grew its position in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

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.