Airbnb (NASDAQ:ABNB) Downgraded by Wedbush to Neutral

Wedbush cut shares of Airbnb (NASDAQ:ABNB) from an outperform rating to a neutral rating in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has $135.00 price objective on the stock, down from their prior price objective of $150.00. Wedbush also issued estimates for Airbnb’s FY2026 earnings at $4.24 EPS.

Several other equities analysts have also recently weighed in on ABNB. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and increased their price target for the company from $165.00 to $185.00 in a report on Monday, March 10th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Robert W. Baird lowered their price objective on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. B. Riley raised their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Evercore ISI increased their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned 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 company has an average rating of “Hold” and an average price target of $143.97.

Airbnb Trading Up 1.0 %

Shares of NASDAQ:ABNB opened at $125.26 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market cap of $78.98 billion, a P/E ratio of 30.33, a PEG ratio of 3.52 and a beta of 1.14. The stock’s fifty day moving average price is $123.16 and its 200-day moving average price is $131.52.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business earned $0.41 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Airbnb will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the transaction, the chief technology officer now owns 181,914 shares of the company’s stock, valued at $23,572,416.12. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,960,385 shares of company stock valued at $267,493,266. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. MJP Associates Inc. ADV boosted its holdings in shares of Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock worth $490,000 after purchasing an additional 67 shares during the period. CAP Partners LLC boosted its stake in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the period. Lindbrook Capital LLC increased its position in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after acquiring an additional 78 shares during the last quarter. Ellevest Inc. raised its stake in shares of Airbnb by 3.1% in the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock valued at $349,000 after acquiring an additional 80 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

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.