Airbnb (NASDAQ:ABNB - Get Free Report)'s stock had its "sell" rating reissued by research analysts at Truist Financial in a research note issued to investors on Friday, Marketbeat.com reports. They presently have a $106.00 target price on the stock, down from their prior target price of $112.00. Truist Financial's price target would suggest a potential downside of 17.27% from the company's current price.
ABNB has been the subject of several other reports. Cantor Fitzgerald restated an "underweight" rating and issued a $100.00 target price on shares of Airbnb in a research note on Wednesday, May 14th. Tigress Financial lifted their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. B. Riley lowered their target price on Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Piper Sandler dropped their target price on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $141.23.
Get Our Latest Analysis on ABNB
Airbnb Price Performance
Shares of ABNB traded down $0.23 during mid-day trading on Friday, reaching $128.13. 9,542,846 shares of the company's stock were exchanged, compared to its average volume of 4,953,923. 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 52-week low of $99.88 and a 52-week high of $163.93. The company has a market cap of $80.26 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.52 and a beta of 1.14. The company has a 50-day simple moving average of $122.45 and a two-hundred day simple moving average of $130.67.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Airbnb will post 4.31 EPS for the current fiscal year.
Insider Transactions at Airbnb
In related news, insider Nathan Blecharczyk sold 2,245 shares of Airbnb stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the sale, the insider now directly owns 188,173 shares in the company, valued at $25,220,827.19. This trade represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 2,509 shares of Airbnb stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $128.70, for a total transaction of $322,908.30. Following the completion of the sale, the director now owns 2,860 shares in the company, valued at approximately $368,082. This represents a 46.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,628,434 shares of company stock worth $201,057,164. 27.91% of the stock is currently owned by insiders.
Institutional Trading of Airbnb
Hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter valued at about $25,000. Park Square Financial Group LLC bought a new stake in Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in Airbnb in the 4th quarter valued at about $28,000. Graney & King LLC bought a new stake in Airbnb in the 4th quarter valued at about $32,000. Finally, Stonebridge Financial Group LLC lifted its position in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.
Airbnb Company Profile
(
Get Free Report)
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.
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