Airbnb (NASDAQ:ABNB) Price Target Lowered to $103.00 at Barclays

Airbnb (NASDAQ:ABNB - Free Report) had its price target trimmed by Barclays from $120.00 to $103.00 in a research note published on Friday, Marketbeat.com reports. The firm currently has an underweight rating on the stock.

Several other equities analysts also recently weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a research note on Friday. UBS Group cut their price target on Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. B. Riley increased their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and raised their target price for the company from $165.00 to $185.00 in a report on Monday, March 10th. Finally, Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 23rd. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $142.31.

Airbnb Price Performance

Airbnb stock traded down $0.37 during midday trading on Friday, reaching $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 company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market capitalization of $78.75 billion, a PE ratio of 30.24, a P/E/G ratio of 3.52 and a beta of 1.14. The stock's 50 day simple moving average is $123.16 and its 200 day simple moving average is $131.52.

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

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $123.28, for a total value of $86,296.00. Following the sale, the chief technology officer now owns 221,422 shares in the company, valued at approximately $27,296,904.16. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,960,385 shares of company stock valued at $267,493,266 in the last quarter. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth about $26,000. Park Square Financial Group LLC acquired a new position in Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the fourth quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC increased its stake in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after purchasing an additional 106 shares during the period. 80.76% of the stock is owned by institutional investors.

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.