Airbnb (NASDAQ:ABNB) Price Target Lowered to $115.00 at JPMorgan Chase & Co.

Airbnb (NASDAQ:ABNB - Get Free Report) had its price objective reduced by analysts at JPMorgan Chase & Co. from $160.00 to $115.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 0.40% from the stock's previous close.

Several other research analysts have also recently weighed in on the company. Barclays boosted their price target on Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research note on Friday, February 14th. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research note on Wednesday, January 15th. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Wells Fargo & Company lowered their price objective on shares of Airbnb from $134.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, April 7th. Finally, DA Davidson lifted their target price on shares of Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $146.56.

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Airbnb Stock Up 0.6 %

Airbnb stock traded up $0.63 during mid-day trading on Tuesday, reaching $114.54. The stock had a trading volume of 4,817,277 shares, compared to its average volume of 4,746,765. Airbnb has a one year low of $99.88 and a one year high of $166.74. The company has a 50-day moving average price of $131.21 and a two-hundred day moving average price of $132.84. The company has a market capitalization of $72.22 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, analysts expect that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the sale, the chief financial officer now owns 484,988 shares in the company, valued at $62,844,745.04. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,251,592 shares of company stock valued at $308,485,023. Corporate insiders own 27.83% of the company's stock.

Institutional Investors Weigh In On Airbnb

Several large investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Airbnb in the 4th quarter worth about $433,374,000. Clearbridge Investments LLC increased its stake in Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP raised its position in Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after purchasing an additional 2,577,000 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after purchasing an additional 1,185,892 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Airbnb by 52.1% in the 4th quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock worth $310,896,000 after purchasing an additional 809,964 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.