Airbnb (NASDAQ:ABNB) Given New $100.00 Price Target at Wells Fargo & Company

Airbnb (NASDAQ:ABNB - Get Free Report) had its price target cut by stock analysts at Wells Fargo & Company from $134.00 to $100.00 in a report released on Monday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Wells Fargo & Company's price target would indicate a potential downside of 12.69% from the stock's previous close.

ABNB has been the subject of several other reports. Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Truist Financial lowered their target price on Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a report on Friday, February 14th. UBS Group upped their price target on Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, Tigress Financial lifted their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and a consensus target price of $146.56.

Airbnb Trading Up 0.6 %

Airbnb stock traded up $0.63 during midday trading on Monday, reaching $114.54. The stock had a trading volume of 4,817,277 shares, compared to its average volume of 4,746,765. The stock has a market capitalization of $72.22 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. 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 stock's 50-day simple moving average is $131.21 and its 200 day simple moving average is $132.84. Airbnb has a twelve month low of $99.88 and a twelve month high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. Analysts expect that Airbnb will post 4.31 EPS for the current year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the completion of the transaction, the director now directly owns 2,294,870 shares in the company, valued at $249,590,061.20. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now owns 491,330 shares in the company, valued at $58,959,600. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,251,592 shares of company stock valued at $308,485,023 over the last ninety days. Insiders own 27.83% of the company's stock.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MJP Associates Inc. ADV lifted its holdings in shares of Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after purchasing an additional 67 shares in the last quarter. CAP Partners LLC lifted its stake in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after acquiring an additional 77 shares in the last quarter. Lindbrook Capital LLC boosted its position in Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after acquiring an additional 78 shares during the period. Ellevest Inc. boosted its position in Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after acquiring an additional 80 shares during the period. Finally, Manchester Capital Management LLC grew its stake in Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds 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.