Deutsche Bank Aktiengesellschaft Cuts Airbnb (NASDAQ:ABNB) Price Target to $90.00

Airbnb (NASDAQ:ABNB) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $143.00 to $90.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Several other brokerages also recently commented on ABNB. Wedbush lowered their price objective on shares of Airbnb from $165.00 to $135.00 and set an outperform rating for the company in a research note on Wednesday. Morgan Stanley upped their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company an underweight rating in a research note on Tuesday, July 23rd. Citigroup lowered their price objective on shares of Airbnb from $170.00 to $167.00 and set a buy rating for the company in a research note on Thursday, May 9th. B. Riley decreased their price target on shares of Airbnb from $150.00 to $140.00 and set a neutral rating for the company in a research note on Wednesday. Finally, Truist Financial increased their price target on shares of Airbnb from $131.00 to $134.00 and gave the stock a hold rating in a research note on Thursday, May 30th. Four investment 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 has a consensus rating of Hold and a consensus price target of $137.00.

Airbnb Trading Up 0.4 %

NASDAQ ABNB traded up $0.44 during trading on Wednesday, hitting $115.08. 4,764,351 shares of the company’s stock traded hands, compared to its average volume of 4,601,965. The firm has a market cap of $74.12 billion, a P/E ratio of 15.41, a PEG ratio of 1.67 and a beta of 1.18. The stock has a fifty day moving average of $144.45 and a two-hundred day moving average of $151.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. As a group, sell-side analysts expect that Airbnb will post 4.66 EPS for the current year.

Insider Activity

In other news, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction that occurred 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 sale, the director now owns 46,467 shares in the company, valued at $6,971,908.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Joseph Gebbia sold 44,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the sale, the director now owns 46,467 shares in the company, valued at $6,971,908.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total transaction of $75,942.00. Following the completion of the sale, the chief technology officer now owns 205,774 shares in the company, valued at approximately $26,044,815.18. The disclosure for this sale can be found here. Insiders have sold a total of 735,492 shares of company stock worth $109,402,066 over the last 90 days. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC bought a new position in Airbnb in the first quarter worth approximately $25,000. Bfsg LLC bought a new position in Airbnb in the fourth quarter worth approximately $27,000. Trust Co. of Vermont bought a new position in Airbnb in the fourth quarter worth approximately $27,000. New Millennium Group LLC bought a new position in Airbnb in the second quarter worth approximately $28,000. Finally, Vima LLC bought a new position in Airbnb in the fourth quarter worth approximately $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.