Robert W. Baird Issues Pessimistic Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb (NASDAQ:ABNB - Get Free Report) had its price objective lowered by research analysts at Robert W. Baird from $175.00 to $160.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 32.57% from the stock's current price.

A number of other research firms have also recently commented on ABNB. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Benchmark raised their price objective on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Argus raised Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and upped their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $147.36.

Airbnb Trading Down 3.9 %

ABNB traded down $4.96 during trading on Tuesday, hitting $120.69. 3,994,789 shares of the stock were exchanged, compared to its average volume of 4,560,020. 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 50 day simple moving average of $135.29 and a 200 day simple moving average of $133.71. The firm has a market cap of $76.10 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb has a 1 year low of $110.38 and a 1 year high of $166.74.

Remove Ads

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 the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts expect that Airbnb will post 4.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company's stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at $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. Insiders have sold a total of 2,270,894 shares of company stock worth $317,578,168 in the last quarter. Company insiders own 27.83% of the company's stock.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairtree Asset Management Pty Ltd purchased a new stake in shares of Airbnb in the fourth quarter valued at $431,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Airbnb by 82.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 52,493 shares of the company's stock valued at $6,898,000 after purchasing an additional 23,723 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new position in Airbnb in the 4th quarter valued at about $304,000. Siemens Fonds Invest GmbH boosted its stake in shares of Airbnb by 133.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 54,362 shares of the company's stock worth $6,630,000 after purchasing an additional 31,037 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

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.