Airbnb (NASDAQ:ABNB) Downgraded to "Neutral" Rating by Wedbush

Airbnb (NASDAQ:ABNB - Get Free Report) was downgraded by investment analysts at Wedbush from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. They presently have a $135.00 price objective on the stock, down from their previous price objective of $150.00. Wedbush's price target points to a potential upside of 8.10% from the stock's current price. Wedbush also issued estimates for Airbnb's FY2026 earnings at $4.24 EPS.

Several other equities research analysts have also issued reports on the stock. Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Wells Fargo & Company decreased their price target on Airbnb from $134.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, April 7th. Phillip Securities upgraded shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Canaccord Genuity Group lowered their price objective on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $142.31.

Airbnb Price Performance

ABNB traded down $0.37 during trading hours on Friday, hitting $124.89. The company's stock had a trading volume of 6,761,179 shares, compared to its average volume of 4,900,209. The stock has a market cap of $78.75 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $123.16 and its 200-day moving average price is $131.52. Airbnb has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $114.22, for a total value of $24,475,632.70. Following the completion of the sale, the director now directly owns 2,080,585 shares of the company's stock, valued at $237,644,418.70. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $123.28, for a total transaction of $86,296.00. Following the sale, the chief technology officer now owns 221,422 shares of the company's stock, valued at approximately $27,296,904.16. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,960,385 shares of company stock worth $267,493,266. Insiders own 27.83% of the company's stock.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the fourth quarter worth $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at $26,000. Park Square Financial Group LLC bought a new position in Airbnb during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth about $28,000. Finally, Stonebridge Financial Group LLC increased its position in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other 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.