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

Airbnb (NASDAQ:ABNB - Get Free Report) had its price objective lowered by analysts at Cantor Fitzgerald from $101.00 to $100.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Cantor Fitzgerald's price objective suggests a potential downside of 17.81% from the company's current price.

A number of other research analysts have also commented on ABNB. DA Davidson upgraded shares of Airbnb from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $170.00 to $155.00 in a research note on Wednesday, April 30th. Benchmark increased their price objective on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $142.31.

Airbnb Stock Down 2.6 %

ABNB stock traded down $3.22 during trading on Friday, hitting $121.67. 5,194,715 shares of the company's stock were exchanged, compared to its average volume of 4,901,502. The stock has a market capitalization of $76.72 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 3.52 and a beta of 1.14. Airbnb has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $122.77 and a two-hundred day moving average price of $131.44.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (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 in the previous year, the company posted $0.41 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts expect that Airbnb will post 4.31 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction 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 transaction, the chief technology officer now owns 221,422 shares in the company, valued at approximately $27,296,904.16. This trade represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction dated 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 sale, the insider now owns 164,850 shares of the company's stock, valued at $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,953,435 shares of company stock valued at $266,592,685 over the last quarter. Company insiders own 27.83% of the company's stock.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Park Square Financial Group LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the 4th quarter worth approximately $28,000. Finally, Graney & King LLC purchased a new position in Airbnb in the 4th quarter worth approximately $32,000. 80.76% of the stock is currently 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.