Airbnb (NASDAQ:ABNB) PT Lowered to $130.00 at BMO Capital Markets

Airbnb (NASDAQ:ABNB) had its price target decreased by BMO Capital Markets from $151.00 to $130.00 in a research note published on Wednesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other brokerages have also commented on ABNB. Piper Sandler decreased their price target on shares of Airbnb from $155.00 to $125.00 and set a neutral rating for the company in a research note on Wednesday. Citigroup decreased their target price on shares of Airbnb from $170.00 to $167.00 and set a buy rating for the company in a research report on Thursday, May 9th. Needham & Company LLC reaffirmed a hold rating on shares of Airbnb in a research report on Wednesday. Susquehanna decreased their price objective on Airbnb from $180.00 to $130.00 and set a positive rating for the company in a report on Wednesday. Finally, UBS Group raised their target price on Airbnb from $143.00 to $157.00 and gave the company a neutral rating in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $137.00.

Airbnb Stock Up 0.4 %

NASDAQ:ABNB traded up $0.44 during trading hours on Wednesday, reaching $115.08. The company had a trading volume of 4,764,351 shares, compared to its average volume of 4,601,965. The business’s 50-day simple moving average is $144.45 and its two-hundred day simple moving average is $151.43. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market cap of $74.12 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.67 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts expect that Airbnb will post 4.66 earnings per share for the current year.

Insider Activity

In related news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the sale, the director now directly owns 46,467 shares in the company, valued at approximately $6,971,908.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the transaction, the director now directly owns 46,467 shares in the company, valued at approximately $6,971,908.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total value of $87,600.00. Following the completion of the sale, the chief technology officer now owns 211,774 shares in the company, valued at approximately $30,919,004. The disclosure for this sale can be found here. Insiders have sold a total of 735,492 shares of company stock valued at $109,402,066 over the last quarter. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new position in shares of Airbnb during the 1st quarter valued at about $25,000. Bfsg LLC purchased a new position in shares of Airbnb during the fourth quarter worth approximately $27,000. Trust Co. of Vermont bought a new stake in shares of Airbnb in the 4th quarter worth approximately $27,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the 2nd quarter worth approximately $28,000. Finally, Vima LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at $29,000. Hedge funds and other 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.