Airbnb (NASDAQ:ABNB) Price Target Lowered to $101.00 at Cantor Fitzgerald

Airbnb (NASDAQ:ABNB - Free Report) had its price target reduced by Cantor Fitzgerald from $130.00 to $101.00 in a research note issued to investors on Wednesday, Marketbeat reports. They currently have an underweight rating on the stock. Cantor Fitzgerald also issued estimates for Airbnb's FY2025 earnings at $3.93 EPS.

Several other brokerages have also recently commented on ABNB. Barclays boosted their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research note on Friday, February 14th. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the company a "hold" rating in a report on Wednesday, January 15th. Hsbc Global Res upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Benchmark upped their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, JMP Securities reiterated a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $146.94.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded down $1.09 during mid-day trading on Wednesday, reaching $111.61. 5,693,240 shares of the company traded hands, compared to its average volume of 4,776,962. Airbnb has a 52 week low of $99.88 and a 52 week high of $166.74. The firm has a market cap of $70.37 billion, a PE ratio of 27.02, a PEG ratio of 3.52 and a beta of 1.15. The company's 50 day moving average price is $129.19 and its 200-day moving average price is $132.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities analysts expect that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now owns 491,330 shares in the company, valued at $58,959,600. This represents a 1.26 % decrease in their position. The sale 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, January 21st. The stock was sold at an average price of $135.47, for a total transaction of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares in the company, valued at $24,833,547.58. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,037,307 shares of company stock valued at $280,842,374 over the last quarter. 27.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth about $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 acquired a new stake in Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the fourth quarter valued at $28,000. Finally, Graney & King LLC purchased a new position in shares of Airbnb during the fourth quarter worth about $32,000. 80.76% of the stock is owned by hedge funds and other 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.