Airbnb, Inc. (NASDAQ:ABNB) Expected to Earn Q1 2022 Earnings of ($0.30) Per Share

Airbnb, Inc. (NASDAQ:ABNB – Get Rating) – Equities research analysts at Jefferies Financial Group reduced their Q1 2022 earnings estimates for shares of Airbnb in a research report issued on Monday, April 25th. Jefferies Financial Group analyst J. Colantuoni now forecasts that the company will earn ($0.30) per share for the quarter, down from their prior forecast of ($0.21). Jefferies Financial Group currently has a “Buy” rating and a $220.00 price objective on the stock. Jefferies Financial Group also issued estimates for Airbnb’s Q3 2022 earnings at $1.05 EPS, Q4 2022 earnings at $0.09 EPS, FY2022 earnings at $1.08 EPS, FY2023 earnings at $1.86 EPS and FY2024 earnings at $2.81 EPS.

Airbnb (NASDAQ:ABNB – Get Rating) last released its quarterly earnings data on Tuesday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Airbnb had a negative return on equity of 5.84% and a negative net margin of 5.88%. During the same quarter in the prior year, the business posted ($10.88) earnings per share.

ABNB has been the topic of several other research reports. Piper Sandler upped their target price on Airbnb from $169.00 to $194.00 and gave the company a “neutral” rating in a report on Wednesday, February 16th. Truist Financial upped their target price on Airbnb from $180.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday, February 16th. DA Davidson upped their target price on Airbnb from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, February 16th. Evercore ISI upped their target price on Airbnb from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, February 16th. Finally, The Goldman Sachs Group upped their target price on Airbnb from $140.00 to $150.00 and gave the company a “sell” rating in a report on Wednesday, February 16th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $201.18.

NASDAQ:ABNB opened at $153.04 on Wednesday. The stock has a fifty day moving average price of $161.16 and a two-hundred day moving average price of $167.60. The stock has a market capitalization of $98.39 billion, a price-to-earnings ratio of -201.37 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 1 year low of $129.71 and a 1 year high of $212.58.

In related news, Director Belinda J. Johnson sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $168.98, for a total transaction of $3,379,600.00. Following the sale, the director now directly owns 39,327 shares in the company, valued at approximately $6,645,476.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph Gebbia sold 31,049 shares of the firm’s stock in a transaction dated Thursday, January 27th. The shares were sold at an average price of $141.42, for a total value of $4,390,949.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 750,770 shares of company stock worth $122,478,987. Company insiders own 36.30% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Jennison Associates LLC raised its holdings in shares of Airbnb by 3.1% during the 4th quarter. Jennison Associates LLC now owns 14,349,039 shares of the company’s stock valued at $2,388,972,000 after buying an additional 430,970 shares during the period. Wellington Management Group LLP raised its holdings in shares of Airbnb by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 11,211,527 shares of the company’s stock valued at $1,880,734,000 after buying an additional 391,740 shares during the period. Capital Research Global Investors raised its holdings in shares of Airbnb by 20.8% during the 4th quarter. Capital Research Global Investors now owns 11,210,133 shares of the company’s stock valued at $1,866,387,000 after buying an additional 1,926,816 shares during the period. Polen Capital Management LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at about $1,599,368,000. Finally, Morgan Stanley grew its stake in Airbnb by 141.3% during the 3rd quarter. Morgan Stanley now owns 8,655,893 shares of the company’s stock valued at $1,452,026,000 after purchasing an additional 5,069,443 shares in the last quarter. Institutional investors and hedge funds own 32.37% of the company’s stock.

Airbnb Company Profile (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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