Airbnb (NASDAQ:ABNB) Given New $160.00 Price Target at Robert W. Baird

Airbnb (NASDAQ:ABNB) had its target price trimmed by Robert W. Baird from $175.00 to $160.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently commented on ABNB. Benchmark lifted their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Barclays raised their target price on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. Truist Financial decreased their price target on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Tigress Financial boosted their target price 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 research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $147.36.

Airbnb Trading Down 2.3 %

Shares of Airbnb stock opened at $125.65 on Tuesday. The firm’s 50 day simple moving average is $135.58 and its two-hundred day simple moving average is $133.55. The firm has a market capitalization of $79.23 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 3.52 and a beta of 1.10. Airbnb has a 12-month low of $110.38 and a 12-month high of $167.38. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 predict that Airbnb will post 4.31 EPS for the current year.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Monday, January 6th. The shares were sold at an average price of $135.94, for a total transaction of $29,129,902.90. Following the completion of the sale, the director now directly owns 1,285,715 shares of the company’s stock, valued at approximately $174,780,097.10. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the completion of the transaction, the chief executive officer now directly owns 12,498,908 shares in the company, valued at $1,697,601,684.56. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,270,894 shares of company stock worth $317,578,168. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new position in Airbnb in the fourth quarter valued at $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the fourth quarter valued at $28,000. Finally, Graney & King LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $32,000. 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.