Robert W. Baird Issues Pessimistic Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb (NASDAQ:ABNB) had its price target decreased by stock analysts at Robert W. Baird from $175.00 to $160.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 24.38% from the company’s current price.

Other analysts also recently issued reports about the company. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a research report on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. UBS Group lifted their price objective on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Morgan Stanley upped their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Finally, DA Davidson raised their price target on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.36.

Airbnb Trading Down 1.0 %

Airbnb stock opened at $128.64 on Tuesday. Airbnb has a 12-month low of $110.38 and a 12-month high of $169.11. The firm has a market capitalization of $81.11 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 3.52 and a beta of 1.10. The firm has a 50 day moving average of $135.71 and a 200 day moving average of $133.60. 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 released its 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%. As a group, research analysts predict that Airbnb will post 4.31 earnings per share for the current year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,055,909 shares of company stock worth $289,763,290. Insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new position in shares of Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC purchased a new position in Airbnb during the fourth quarter worth about $28,000. Finally, Graney & King LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds 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.