Piper Sandler Lowers Airbnb (NASDAQ:ABNB) Price Target to $132.00

Airbnb (NASDAQ:ABNB - Get Free Report) had its price target cut by investment analysts at Piper Sandler from $145.00 to $132.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's target price points to a potential upside of 5.38% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the company. Truist Financial cut their price target on Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Barclays upped 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. Susquehanna increased their price target on Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Airbnb from $134.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, April 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $143.97.

Airbnb Stock Up 1.0 %

ABNB traded up $1.25 on Monday, reaching $125.26. The company's stock had a trading volume of 11,298,716 shares, compared to its average volume of 4,891,285. Airbnb has a 1 year low of $99.88 and a 1 year high of $165.50. The business's 50 day moving average is $123.16 and its 200 day moving average is $131.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $78.98 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. As a group, research analysts forecast that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,998,846 shares of company stock valued at $272,488,196. Corporate insiders own 27.83% of the company's stock.

Institutional Investors Weigh In On Airbnb

Large investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new position in Airbnb in the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC boosted its holdings in shares of Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after buying an additional 106 shares during the period. Institutional investors own 80.76% of the company's stock.

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.