Airbnb (NASDAQ:ABNB) Given New $180.00 Price Target at Canaccord Genuity Group

Airbnb (NASDAQ:ABNB - Free Report) had its target price cut by Canaccord Genuity Group from $190.00 to $180.00 in a research note issued to investors on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley increased their price target on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and raised their target price for the stock from $165.00 to $185.00 in a report on Monday, March 10th. JPMorgan Chase & Co. dropped their target price on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Susquehanna raised their target price on shares of Airbnb from $160.00 to $200.00 and gave the stock a "positive" rating in a report on Tuesday, February 18th. Finally, 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. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $145.59.

Airbnb Stock Up 1.7 %

Shares of ABNB stock traded up $2.09 during mid-day trading on Monday, reaching $124.01. 9,331,555 shares of the company's stock traded hands, compared to its average volume of 4,865,190. Airbnb has a 12 month low of $99.88 and a 12 month high of $165.50. The company has a market cap of $78.19 billion, a P/E ratio of 30.03, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company's 50-day moving average price is $123.90 and its 200-day moving average price is $131.71.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results 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 return on equity of 32.29% and a net margin of 23.85%. The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $90,706.00. Following the transaction, the chief technology officer now directly owns 181,914 shares in the company, valued at $23,572,416.12. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 2,712 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the transaction, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,998,846 shares of company stock worth $272,488,196. 27.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $26,000. Park Square Financial Group LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $28,000. Finally, Stonebridge Financial Group LLC increased its holdings in shares of 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 acquiring an additional 106 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.