Airbnb (NASDAQ:ABNB) Price Target Lowered to $160.00 at Robert W. Baird

Airbnb (NASDAQ:ABNB) had its price target reduced by stock analysts at Robert W. Baird from $175.00 to $160.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 23.25% from the stock’s previous close.

Several other research analysts have also commented on the stock. Susquehanna raised their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Barclays upped their target price on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 14th. Finally, Evercore ISI increased their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus price target of $147.36.

Airbnb Stock Up 0.8 %

Shares of ABNB opened at $129.82 on Tuesday. The firm has a market cap of $81.86 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average is $135.74 and its two-hundred day moving average is $133.53. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.00.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 related news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb 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 in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the transaction, the chief technology officer now owns 171,419 shares of the company’s stock, valued at approximately $21,598,794. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock worth $289,763,290 in the last 90 days. 27.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fairtree Asset Management Pty Ltd acquired a new stake in Airbnb in the fourth quarter worth about $431,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Airbnb by 82.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 52,493 shares of the company’s stock worth $6,898,000 after buying an additional 23,723 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of Airbnb in the 4th quarter worth approximately $304,000. Siemens Fonds Invest GmbH boosted its holdings in shares of Airbnb by 133.1% in the fourth quarter. Siemens Fonds Invest GmbH now owns 54,362 shares of the company’s stock valued at $6,630,000 after acquiring an additional 31,037 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of Airbnb during the fourth quarter valued at approximately $26,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.