Q2 2022 EPS Estimates for Airbnb, Inc. Increased by Analyst (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNBGet Rating) – Equities researchers at William Blair boosted their Q2 2022 EPS estimates for shares of Airbnb in a note issued to investors on Tuesday, May 3rd. William Blair analyst R. Schackart now expects that the company will post earnings of $0.32 per share for the quarter, up from their previous forecast of ($0.01). William Blair also issued estimates for Airbnb’s Q3 2022 earnings at $1.15 EPS, FY2022 earnings at $1.57 EPS and FY2023 earnings at $2.06 EPS.

Other equities analysts also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Airbnb from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 16th. Piper Sandler lowered their target price on shares of Airbnb from $194.00 to $174.00 in a report on Wednesday. Barclays lowered their target price on shares of Airbnb from $185.00 to $170.00 in a report on Wednesday. Needham & Company LLC boosted their target price on shares of Airbnb from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, February 16th. Finally, HSBC lowered their target price on shares of Airbnb from $233.00 to $213.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $195.60.

NASDAQ ABNB opened at $143.09 on Friday. The company has a market capitalization of $91.99 billion, a PE ratio of 123.35 and a beta of 0.27. Airbnb has a 12-month low of $129.71 and a 12-month high of $212.58. The firm’s 50 day moving average is $159.41 and its 200-day moving average is $166.90. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.42.

Airbnb (NASDAQ:ABNBGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.24. Airbnb had a net margin of 12.12% and a return on equity of 19.09%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the company earned ($1.75) earnings per share. The firm’s revenue was up 70.1% compared to the same quarter last year.

A number of large investors have recently added to or reduced their stakes in ABNB. Morgan Stanley increased its position in Airbnb by 143.8% during 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. New York State Common Retirement Fund increased its position in Airbnb by 276.4% during the 3rd quarter. New York State Common Retirement Fund now owns 36,847 shares of the company’s stock valued at $6,181,000 after purchasing an additional 27,057 shares during the period. New World Advisors LLC increased its position in Airbnb by 11.7% during the 3rd quarter. New World Advisors LLC now owns 1,542 shares of the company’s stock valued at $257,000 after purchasing an additional 162 shares during the period. PNC Financial Services Group Inc. increased its position in Airbnb by 282.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,352 shares of the company’s stock valued at $2,072,000 after purchasing an additional 9,122 shares during the period. Finally, Resources Investment Advisors LLC. acquired a new stake in Airbnb during the 3rd quarter valued at approximately $227,000. 34.66% of the stock is owned by institutional investors and hedge funds.

In other news, CTO Aristotle N. Balogh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $174.00, for a total value of $174,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Gebbia sold 15,525 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $153.18, for a total value of $2,378,119.50. Following the completion of the transaction, the insider now directly owns 220,578 shares of the company’s stock, valued at approximately $33,788,138.04. The disclosure for this sale can be found here. Insiders sold 723,246 shares of company stock valued at $118,858,067 in the last three months. Company insiders own 36.30% 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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Earnings History and Estimates for Airbnb (NASDAQ:ABNB)

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