Morgan Stanley Trims Airbnb (NASDAQ:ABNB) Target Price to $100.00

Airbnb (NASDAQ:ABNBGet Rating) had its price target dropped by Morgan Stanley from $145.00 to $100.00 in a report released on Thursday, Stock Target Advisor reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 2.89% from the company’s previous close.

Several other analysts have also recently commented on the company. Tigress Financial raised their price target on Airbnb from $206.00 to $214.00 and gave the company a “buy” rating in a report on Wednesday, March 2nd. Susquehanna reduced their price target on Airbnb from $235.00 to $190.00 in a report on Thursday, May 5th. HSBC reduced their price target on Airbnb from $233.00 to $213.00 in a report on Wednesday, May 4th. Barclays reduced their price target on Airbnb from $185.00 to $170.00 in a report on Wednesday, May 4th. Finally, UBS Group lifted their price objective on Airbnb from $178.00 to $185.00 in a report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $190.13.

NASDAQ:ABNB traded down $2.34 during mid-day trading on Thursday, reaching $97.19. 126,463 shares of the stock were exchanged, compared to its average volume of 5,939,283. The company has a 50 day simple moving average of $127.43 and a 200-day simple moving average of $150.50. The stock has a market capitalization of $62.48 billion, a P/E ratio of 83.79 and a beta of 0.32. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. Airbnb has a 1 year low of $92.09 and a 1 year high of $212.58.

Airbnb (NASDAQ:ABNBGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted ($1.75) EPS. The firm’s quarterly revenue was up 70.1% compared to the same quarter last year. As a group, research analysts predict that Airbnb will post 1.89 EPS for the current year.

In related news, Director Belinda J. Johnson sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $96.39, for a total value of $96,390.00. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at $570,628.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Gebbia sold 15,523 shares of the business’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $165.87, for a total value of $2,574,800.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 668,934 shares of company stock worth $91,901,320. Insiders own 32.69% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Airbnb by 61.1% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,900 shares of the company’s stock valued at $498,000 after purchasing an additional 1,100 shares during the last quarter. Hellman Jordan Management Co. Inc. MA bought a new position in shares of Airbnb during the first quarter valued at approximately $879,000. American Trust grew its holdings in shares of Airbnb by 203.0% during the first quarter. American Trust now owns 11,281 shares of the company’s stock valued at $1,938,000 after purchasing an additional 7,558 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Airbnb by 8.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 42,867 shares of the company’s stock valued at $7,363,000 after purchasing an additional 3,185 shares during the last quarter. Finally, Walleye Capital LLC grew its holdings in shares of Airbnb by 54.4% during the first quarter. Walleye Capital LLC now owns 33,131 shares of the company’s stock valued at $5,691,000 after purchasing an additional 11,676 shares during the last quarter. 34.66% of the stock is owned by institutional investors.

Airbnb Company Profile (Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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