Airbnb, Inc. to Post Q4 2022 Earnings of $0.06 Per Share, Jefferies Financial Group Forecasts (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNBGet Rating) – Research analysts at Jefferies Financial Group lowered their Q4 2022 EPS estimates for Airbnb in a report released on Wednesday, May 4th. Jefferies Financial Group analyst J. Colantuoni now expects that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.09. Jefferies Financial Group has a “Buy” rating and a $220.00 price target on the stock. Jefferies Financial Group also issued estimates for Airbnb’s FY2024 earnings at $3.00 EPS.

Airbnb (NASDAQ:ABNBGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.24. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. Airbnb had a negative return on equity of 5.84% and a negative net margin of 5.88%. The firm’s quarterly revenue was up 70.1% compared to the same quarter last year. During the same quarter last year, the company earned ($1.75) earnings per share.

A number of other brokerages have also weighed in on ABNB. Morgan Stanley increased their target price on Airbnb from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 16th. Citigroup upgraded Airbnb from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $214.00 to $200.00 in a research note on Wednesday, April 20th. JPMorgan Chase & Co. increased their price target on Airbnb from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 16th. Truist Financial increased their price target on Airbnb from $180.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, February 16th. Finally, Credit Suisse Group increased their price target on Airbnb from $185.00 to $190.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $196.97.

Shares of NASDAQ ABNB opened at $156.18 on Thursday. The firm has a market cap of $100.40 billion, a P/E ratio of 134.64 and a beta of 0.27. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.42. Airbnb has a 1-year low of $129.71 and a 1-year high of $212.58. The business’s 50 day moving average is $159.45 and its 200-day moving average is $166.98.

A number of hedge funds have recently bought and sold shares of ABNB. Polen Capital Management LLC bought a new stake in Airbnb during the 3rd quarter worth approximately $1,599,368,000. Morgan Stanley increased its holdings in Airbnb by 141.3% during the 3rd quarter. Morgan Stanley now owns 8,655,893 shares of the company’s stock worth $1,452,026,000 after purchasing an additional 5,069,443 shares in the last quarter. BlackRock Inc. increased its holdings in Airbnb by 67.2% during the 3rd quarter. BlackRock Inc. now owns 7,295,238 shares of the company’s stock worth $1,223,778,000 after purchasing an additional 2,931,107 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Airbnb by 294.0% during the 3rd quarter. Renaissance Technologies LLC now owns 2,774,200 shares of the company’s stock worth $465,372,000 after purchasing an additional 2,070,043 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in Airbnb by 20.8% during the 4th quarter. Capital Research Global Investors now owns 11,210,133 shares of the company’s stock worth $1,866,387,000 after purchasing an additional 1,926,816 shares in the last quarter. 34.66% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Dave Stephenson sold 766 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $171.92, for a total value of $131,690.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph Gebbia sold 27,588 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $151.33, for a total value of $4,174,892.04. The disclosure for this sale can be found here. Insiders sold a total of 723,246 shares of company stock worth $118,858,067 over the last three months. 36.30% of the stock is owned by company insiders.

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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Earnings History and Estimates for Airbnb (NASDAQ:ABNB)

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