Airbnb, Inc. (NASDAQ:ABNB – Get Rating) – Research analysts at Jefferies Financial Group boosted their Q2 2022 earnings per share estimates for shares of Airbnb in a research note issued to investors on Monday, July 11th. Jefferies Financial Group analyst J. Colantuoni now anticipates that the company will earn $0.40 per share for the quarter, up from their previous estimate of $0.38. Jefferies Financial Group has a “Buy” rating and a $160.00 price target on the stock. The consensus estimate for Airbnb’s current full-year earnings is $1.89 per share. Jefferies Financial Group also issued estimates for Airbnb’s Q3 2022 earnings at $1.17 EPS, FY2022 earnings at $1.74 EPS, Q2 2023 earnings at $0.51 EPS, Q3 2023 earnings at $1.37 EPS, Q4 2023 earnings at $0.26 EPS, FY2024 earnings at $2.81 EPS and FY2025 earnings at $3.52 EPS.
Several other research analysts have also weighed in on the company. Susquehanna Bancshares dropped their target price on Airbnb from $235.00 to $190.00 in a research report on Thursday, May 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Wednesday, June 29th. HSBC dropped their target price on Airbnb from $233.00 to $213.00 in a research report on Wednesday, May 4th. Mizuho dropped their target price on Airbnb from $205.00 to $175.00 in a research report on Wednesday, May 4th. Finally, Evercore ISI dropped their target price on Airbnb from $205.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, July 7th. One research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $180.45.
Shares of Airbnb stock opened at $96.55 on Tuesday. The stock has a 50-day moving average price of $109.62 and a 200 day moving average price of $142.95. The company has a market cap of $62.07 billion, a P/E ratio of 83.23 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.42. Airbnb has a 1 year low of $86.71 and a 1 year high of $212.58.
Airbnb (NASDAQ:ABNB – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. The business’s revenue for the quarter was up 70.1% on a year-over-year basis. During the same period in the prior year, the business earned ($1.75) EPS.
In other Airbnb news, CTO Aristotle N. Balogh sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $89.09, for a total value of $222,725.00. Following the completion of the sale, the chief technology officer now owns 263,703 shares in the company, valued at approximately $23,493,300.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph Gebbia sold 15,525 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $100.85, for a total value of $1,565,696.25. Following the completion of the sale, the insider now owns 200,552 shares of the company’s stock, valued at approximately $20,225,669.20. The disclosure for this sale can be found here. Insiders sold a total of 394,936 shares of company stock worth $44,364,377 in the last ninety days. Insiders own 32.69% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Financial Counselors Inc. lifted its position in shares of Airbnb by 0.5% in the 4th quarter. Financial Counselors Inc. now owns 11,980 shares of the company’s stock worth $1,995,000 after acquiring an additional 62 shares during the period. Intercontinental Wealth Advisors LLC lifted its position in shares of Airbnb by 1.1% in the 4th quarter. Intercontinental Wealth Advisors LLC now owns 6,215 shares of the company’s stock worth $1,035,000 after acquiring an additional 65 shares during the period. CWM LLC lifted its position in shares of Airbnb by 2.5% during the 1st quarter. CWM LLC now owns 2,699 shares of the company’s stock worth $464,000 after buying an additional 65 shares during the period. Asset Dedication LLC lifted its position in shares of Airbnb by 46.4% during the 1st quarter. Asset Dedication LLC now owns 224 shares of the company’s stock worth $39,000 after buying an additional 71 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in shares of Airbnb by 1.6% during the 1st quarter. Foundations Investment Advisors LLC now owns 4,703 shares of the company’s stock worth $803,000 after buying an additional 72 shares during the period. Institutional investors own 34.66% of the company’s stock.
About Airbnb (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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