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

Airbnb (NASDAQ:ABNB - Get Free Report) had its price objective decreased by investment analysts at Susquehanna from $200.00 to $150.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 21.82% from the company's current price.

A number of other analysts have also issued reports on ABNB. Robert W. Baird dropped their price target on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Evercore ISI dropped their price target on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Piper Sandler dropped their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Phillip Securities upgraded shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $142.31.

Airbnb Stock Performance

Airbnb stock traded up $1.47 during midday trading on Monday, hitting $123.14. 3,423,469 shares of the company were exchanged, compared to its average volume of 4,911,513. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $77.64 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The business has a fifty day simple moving average of $122.10 and a two-hundred day simple moving average of $131.32.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its 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). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Airbnb will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the sale, the chief technology officer now owns 180,514 shares of the company's stock, valued at approximately $29,071,779.70. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 190,301 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the sale, the chief executive officer now owns 12,231,685 shares in the company, valued at $1,718,674,059.35. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,959,685 shares of company stock valued at $267,364,123. Insiders own 27.83% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the 4th quarter valued at about $26,000. Park Square Financial Group LLC bought a new stake in Airbnb during the fourth quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at $28,000. Finally, Graney & King LLC purchased a new position in Airbnb in the fourth quarter valued at about $32,000. 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.