Airbnb (NASDAQ:ABNB) Downgraded by Evercore ISI

Evercore ISI cut shares of Airbnb (NASDAQ:ABNB) from an outperform rating to an in-line rating in a research note released on Friday morning, MarketBeat.com reports. They currently have $136.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Mizuho lowered their price target on shares of Airbnb from $150.00 to $130.00 and set a neutral rating for the company in a report on Tuesday, October 31st. Morgan Stanley lowered their target price on shares of Airbnb from $110.00 to $105.00 and set an underweight rating for the company in a report on Thursday, November 2nd. KeyCorp boosted their target price on shares of Airbnb from $135.00 to $160.00 and gave the company an overweight rating in a report on Monday, July 24th. TheStreet upgraded shares of Airbnb from a d+ rating to a c- rating in a report on Tuesday, September 12th. Finally, Robert W. Baird boosted their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a neutral rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $141.94.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $129.70 on Friday. The company has a market cap of $84.10 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.26. Airbnb has a 12 month low of $81.91 and a 12 month high of $154.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.78. The company has a 50-day simple moving average of $127.28 and a 200-day simple moving average of $128.14.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $130.85, for a total transaction of $5,234,000.00. Following the sale, the insider now directly owns 1,164,797 shares of the company’s stock, valued at $152,413,687.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey D. Jordan sold 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $126.90, for a total value of $1,269,000.00. Following the completion of the transaction, the director now owns 221,646 shares in the company, valued at approximately $28,126,877.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $130.85, for a total transaction of $5,234,000.00. Following the completion of the transaction, the insider now owns 1,164,797 shares of the company’s stock, valued at approximately $152,413,687.45. The disclosure for this sale can be found here. Insiders have sold 528,769 shares of company stock valued at $72,671,615 over the last ninety days. Corporate insiders own 30.84% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Associates Ltd. boosted its position in shares of Airbnb by 3.3% during the 2nd quarter. Pinnacle Associates Ltd. now owns 2,056 shares of the company’s stock valued at $263,000 after purchasing an additional 66 shares in the last quarter. New World Advisors LLC lifted its position in shares of Airbnb by 2.1% in the second quarter. New World Advisors LLC now owns 3,220 shares of the company’s stock worth $413,000 after purchasing an additional 67 shares in the last quarter. Column Capital Advisors LLC lifted its position in shares of Airbnb by 5.8% in the first quarter. Column Capital Advisors LLC now owns 1,455 shares of the company’s stock worth $181,000 after purchasing an additional 80 shares in the last quarter. Accredited Investors Inc. lifted its position in shares of Airbnb by 4.0% in the second quarter. Accredited Investors Inc. now owns 2,190 shares of the company’s stock worth $281,000 after purchasing an additional 85 shares in the last quarter. Finally, Institutional & Family Asset Management LLC lifted its position in shares of Airbnb by 36.9% in the second quarter. Institutional & Family Asset Management LLC now owns 323 shares of the company’s stock worth $41,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 44.19% 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 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.