Piper Sandler Trims Airbnb (NASDAQ:ABNB) Target Price to $121.00

Airbnb (NASDAQ:ABNBGet Rating) had its price target lowered by Piper Sandler from $174.00 to $121.00 in a research report report published on Wednesday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other equities analysts have also commented on ABNB. Stifel Nicolaus lowered their price objective on Airbnb from $205.00 to $180.00 in a research note on Wednesday, May 4th. HSBC reduced their target price on Airbnb from $233.00 to $213.00 in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Airbnb from $120.00 to $110.00 and set a hold rating on the stock in a report on Wednesday. Morgan Stanley reduced their target price on Airbnb from $145.00 to $100.00 and set an equal weight rating on the stock in a report on Thursday, June 23rd. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a $160.00 target price on shares of Airbnb in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $158.97.

Airbnb Price Performance

Airbnb stock opened at $117.11 on Wednesday. The stock’s fifty day moving average price is $104.85 and its two-hundred day moving average price is $135.91. Airbnb has a one year low of $86.71 and a one 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 firm has a market cap of $75.29 billion, a PE ratio of 63.99, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23.

Airbnb (NASDAQ:ABNBGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 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 quarter last year, the firm posted ($0.11) EPS. As a group, research analysts expect that Airbnb will post 2.2 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other news, insider Catherine C. Powell sold 5,054 shares of Airbnb stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $115.46, for a total value of $583,534.84. Following the completion of 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 filing with the SEC, which is accessible through this hyperlink. In related news, insider Catherine C. Powell sold 5,054 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $115.46, for a total value of $583,534.84. Following the completion of the sale, the insider now directly owns 124,846 shares of the company’s stock, valued at approximately $14,414,719.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Belinda J. Johnson sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $96.39, for a total value of $96,390.00. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at $570,628.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 598,934 shares of company stock valued at $59,771,495. Corporate insiders own 32.69% of the company’s stock.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. First Foundation Advisors increased its holdings in Airbnb by 19.5% during the 1st quarter. First Foundation Advisors now owns 2,842 shares of the company’s stock worth $488,000 after purchasing an additional 464 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Airbnb by 22.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,499 shares of the company’s stock worth $3,177,000 after purchasing an additional 3,350 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Airbnb by 34.2% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 28,758 shares of the company’s stock worth $4,939,000 after purchasing an additional 7,334 shares in the last quarter. CWM LLC bought a new stake in Airbnb during the 4th quarter worth approximately $439,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in Airbnb by 25.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,415 shares of the company’s stock worth $4,231,000 after purchasing an additional 5,092 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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