Airbnb, Inc. (NASDAQ:ABNB – Get Rating) – Stock analysts at Jefferies Financial Group increased their Q2 2022 earnings estimates for Airbnb in a research note issued on Wednesday, May 4th. Jefferies Financial Group analyst J. Colantuoni now forecasts that the company will earn $0.37 per share for the quarter, up from their previous estimate of $0.23. Jefferies Financial Group currently has a “Buy” rating and a $220.00 price target on the stock. Jefferies Financial Group also issued estimates for Airbnb’s Q3 2022 earnings at $1.06 EPS, FY2022 earnings at $1.50 EPS and FY2023 earnings at $2.16 EPS.
Airbnb (NASDAQ:ABNB – Get Rating) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.24. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Airbnb had a net margin of 12.12% and a return on equity of 19.09%. The firm’s revenue was up 70.1% on a year-over-year basis. During the same period in the prior year, the company earned ($1.75) earnings per share.
ABNB opened at $143.09 on Friday. The firm has a market cap of $91.99 billion, a P/E ratio of 123.35 and a beta of 0.27. Airbnb has a 1-year low of $129.71 and a 1-year high of $212.58. The company has a 50 day simple moving average of $159.41 and a two-hundred day simple moving average of $166.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.95 and a quick ratio of 1.95.
Several large investors have recently bought and sold shares of ABNB. Sandy Spring Bank boosted its position in Airbnb by 34.5% during the third quarter. Sandy Spring Bank now owns 195 shares of the company’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Equitable Holdings Inc. boosted its holdings in shares of Airbnb by 0.4% in the 3rd quarter. Equitable Holdings Inc. now owns 11,616 shares of the company’s stock valued at $1,949,000 after buying an additional 52 shares in the last quarter. Silicon Valley Capital Partners boosted its holdings in shares of Airbnb by 3.9% in the 3rd quarter. Silicon Valley Capital Partners now owns 1,476 shares of the company’s stock valued at $248,000 after buying an additional 55 shares in the last quarter. Financial Counselors Inc. boosted its holdings in shares of Airbnb by 0.5% in the 4th quarter. Financial Counselors Inc. now owns 11,980 shares of the company’s stock valued at $1,995,000 after buying an additional 62 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Airbnb by 23.6% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 340 shares of the company’s stock valued at $57,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 34.66% of the company’s stock.
In related news, insider Joseph Gebbia sold 15,525 shares of Airbnb stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $153.18, for a total transaction of $2,378,119.50. Following the completion of the sale, the insider now owns 220,578 shares in the company, valued at approximately $33,788,138.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey D. Jordan sold 5,000 shares of Airbnb stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $160.00, for a total transaction of $800,000.00. Following the sale, the director now owns 287,204 shares of the company’s stock, valued at approximately $45,952,640. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 723,246 shares of company stock valued at $118,858,067. 36.30% of the stock is owned by corporate insiders.
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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