Airbnb (NASDAQ:ABNB) Given New $125.00 Price Target at TD Cowen

Airbnb (NASDAQ:ABNB) had its price objective decreased by investment analysts at TD Cowen from $170.00 to $125.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 10.61% from the stock’s current price.

A number of other analysts have also recently weighed in on ABNB. BMO Capital Markets decreased their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. UBS Group cut their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday. B. Riley lowered their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Bank of America cut their price target on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $137.96.

Airbnb Stock Performance

Shares of ABNB traded down $17.46 during midday trading on Wednesday, reaching $113.01. 29,020,376 shares of the stock were exchanged, compared to its average volume of 4,578,270. The business’s 50-day moving average price is $146.33 and its 200 day moving average price is $152.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market capitalization of $72.78 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.67 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the business posted $0.98 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts expect that Airbnb will post 4.66 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, insider Aristotle N. Balogh 600 shares of Airbnb stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available at the SEC website. In other Airbnb news, insider Aristotle N. Balogh 600 shares of the company’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO David C. Bernstein sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the sale, the chief accounting officer now directly owns 47,043 shares in the company, valued at $6,915,321. The disclosure for this sale can be found here. In the last quarter, insiders sold 734,892 shares of company stock valued at $109,326,124. 27.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the 1st quarter valued at $25,000. Bfsg LLC purchased a new position in Airbnb in the fourth quarter valued at about $27,000. Trust Co. of Vermont acquired a new position in shares of Airbnb during the fourth quarter worth about $27,000. New Millennium Group LLC purchased a new stake in shares of Airbnb in the second quarter worth about $28,000. Finally, Vima LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $29,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.