Wedbush Has Lowered Expectations for Airbnb (NASDAQ:ABNB) Stock Price

Key Points

• Wedbush has lowered its price target for Airbnb from $135.00 to $130.00, maintaining a "neutral" rating which implies a potential upside of 7.30% from the stock's previous close.
• The consensus rating for Airbnb stocks is currently at "Hold" with an average price target of $141.77, following mixed ratings from 37 analysts.
• Airbnb's stock has seen a significant decline of 7.2% recently, trading at $121.15, and has a market capitalization of approximately $75.89 billion.

Airbnb (NASDAQ:ABNB - Get Free Report) had its price target reduced by equities researchers at Wedbush from $135.00 to $130.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Wedbush's price objective would indicate a potential upside of 7.42% from the company's previous close. Wedbush also issued estimates for Airbnb's Q3 2025 earnings at $2.20 EPS, Q4 2025 earnings at $0.64 EPS, FY2025 earnings at $4.11 EPS and FY2026 earnings at $4.31 EPS.

ABNB has been the subject of several other reports. Citigroup cut their price objective on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, May 5th. BNP Paribas raised Airbnb to a "hold" rating in a report on Wednesday, July 16th. Susquehanna dropped their target price on Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. BTIG Research reissued a "neutral" rating on shares of Airbnb in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada dropped their target price on Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $143.59.

Airbnb Price Performance

Airbnb stock traded up $0.99 during mid-day trading on Thursday, hitting $121.02. 5,785,507 shares of the company's stock traded hands, compared to its average volume of 4,795,555. The firm has a 50 day simple moving average of $134.96 and a two-hundred day simple moving average of $130.98. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The stock has a market cap of $75.81 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 2.22 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. Airbnb's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. On average, research analysts anticipate that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 8,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $128.33, for a total transaction of $1,026,640.00. Following the completion of the transaction, the chief executive officer directly owned 40,800 shares in the company, valued at approximately $5,235,864. This represents a 16.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $139.40, for a total value of $32,898,400.00. Following the completion of the transaction, the director directly owned 1,180,015 shares of the company's stock, valued at approximately $164,494,091. The trade was a 16.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,671,023 shares of company stock valued at $223,195,427. 27.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kentucky Trust Co acquired a new stake in shares of Airbnb in the second quarter valued at about $25,000. Park Square Financial Group LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company's stock valued at $26,000 after purchasing an additional 83 shares during the period. Orion Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $28,000. Finally, Concord Wealth Partners acquired a new stake in Airbnb during the 2nd quarter valued at approximately $28,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

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.