Airbnb (NASDAQ:ABNB - Get Free Report) had its target price dropped by stock analysts at Truist Financial from $123.00 to $112.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price objective would suggest a potential downside of 13.37% from the company's previous close.
Several other brokerages have also recently weighed in on ABNB. UBS Group upped their price objective on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. HSBC upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company cut their price target on Airbnb from $100.00 to $96.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Airbnb has a consensus rating of "Hold" and an average target price of $147.82.
Check Out Our Latest Analysis on ABNB
Airbnb Price Performance
Shares of Airbnb stock traded up $0.49 during trading on Friday, hitting $129.29. 1,618,456 shares of the company's stock traded hands, compared to its average volume of 4,403,729. The company has a market cap of $81.52 billion, a PE ratio of 31.31, a PEG ratio of 3.52 and a beta of 1.10. The firm's fifty day moving average price is $135.72 and its 200 day moving average price is $133.43. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.00. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts forecast that Airbnb will post 4.31 earnings per share for the current year.
Insider Activity at Airbnb
In other news, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the transaction, the chief technology officer now owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,055,909 shares of company stock valued at $289,763,290. 27.83% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fairtree Asset Management Pty Ltd acquired a new stake in Airbnb in the 4th quarter valued at about $431,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Airbnb by 82.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,493 shares of the company's stock valued at $6,898,000 after buying an additional 23,723 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $304,000. Siemens Fonds Invest GmbH increased its holdings 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 acquiring an additional 31,037 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in Airbnb in the 4th quarter valued at $26,000. Institutional investors own 80.76% of the company's stock.
About Airbnb
(
Get Free Report)
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.
See Also
Before you consider Airbnb, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Airbnb wasn't on the list.
While Airbnb currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
