Airbnb (ABNB) Set to Announce Quarterly Earnings on Tuesday

Airbnb (NASDAQ:ABNBGet Rating) will announce its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Airbnb has set its Q1 2022 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Airbnb (NASDAQ:ABNBGet Rating) last released its quarterly earnings results on Tuesday, February 15th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Airbnb had a negative net margin of 5.88% and a negative return on equity of 5.84%. During the same quarter in the prior year, the firm earned ($10.88) earnings per share. On average, analysts expect Airbnb to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Airbnb stock opened at $158.39 on Tuesday. The company has a 50-day simple moving average of $161.83 and a 200-day simple moving average of $167.71. The firm has a market capitalization of $101.82 billion, a P/E ratio of -208.41 and a beta of -0.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.95 and a current ratio of 1.95. Airbnb has a one year low of $129.71 and a one year high of $212.58.

In other news, CTO Aristotle N. Balogh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $174.00, for a total value of $174,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph Gebbia sold 300,000 shares of the company’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $161.71, for a total value of $48,513,000.00. The disclosure for this sale can be found here. Insiders have sold 750,770 shares of company stock valued at $122,478,987 over the last ninety days. Insiders own 36.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Morgan Stanley increased its holdings in shares of Airbnb by 143.8% in the 2nd quarter. Morgan Stanley now owns 3,586,450 shares of the company’s stock valued at $549,229,000 after purchasing an additional 2,115,385 shares during the period. California State Teachers Retirement System increased its holdings in Airbnb by 165.4% in the fourth quarter. California State Teachers Retirement System now owns 289,968 shares of the company’s stock worth $48,277,000 after buying an additional 180,710 shares during the last quarter. GAM Holding AG acquired a new position in Airbnb in the fourth quarter worth approximately $22,484,000. Parametric Portfolio Associates LLC increased its holdings in Airbnb by 58.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 176,952 shares of the company’s stock worth $29,461,000 after buying an additional 65,175 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Airbnb by 82.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 20,721 shares of the company’s stock worth $3,450,000 after buying an additional 9,336 shares during the last quarter. Institutional investors own 32.37% of the company’s stock.

ABNB has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of Airbnb in a research report on Friday, January 7th. They set a “buy” rating and a $220.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sell” rating in a research report on Wednesday, February 16th. Zacks Investment Research lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Friday, February 18th. Tigress Financial upped their price objective on shares of Airbnb from $206.00 to $214.00 and gave the stock a “buy” rating in a report on Wednesday, March 2nd. Finally, Credit Suisse Group upped their price objective on shares of Airbnb from $179.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $201.18.

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.

Further Reading

Earnings History for Airbnb (NASDAQ:ABNB)

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