Q2 2023 Earnings Forecast for Airbnb, Inc. (NASDAQ:ABNB) Issued By KeyCorp

Airbnb, Inc. (NASDAQ:ABNB – Get Rating) – Equities researchers at KeyCorp lowered their Q2 2023 earnings estimates for shares of Airbnb in a research note issued on Sunday, May 14th. KeyCorp analyst J. Patterson now anticipates that the company will earn $0.69 per share for the quarter, down from their prior forecast of $0.73. KeyCorp has a “Overweight” rating and a $135.00 price objective on the stock. The consensus estimate for Airbnb’s current full-year earnings is $3.44 per share. KeyCorp also issued estimates for Airbnb’s Q4 2023 earnings at $0.67 EPS.

A number of other equities analysts also recently issued reports on ABNB. Piper Sandler dropped their price objective on shares of Airbnb from $131.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 10th. Mizuho increased their price objective on shares of Airbnb from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th. Barclays dropped their price objective on shares of Airbnb from $128.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 10th. Susquehanna increased their price objective on shares of Airbnb from $135.00 to $155.00 and gave the company a “positive” rating in a research note on Wednesday, February 15th. Finally, Robert W. Baird increased their price objective on shares of Airbnb from $100.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $135.55.

Airbnb Price Performance

Shares of ABNB stock opened at $108.33 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $69.39 billion, a P/E ratio of 35.99, a P/E/G ratio of 1.42 and a beta of 1.13. The company’s 50-day simple moving average is $116.64 and its two-hundred day simple moving average is $108.29. Airbnb has a one year low of $81.91 and a one year high of $144.63.

Airbnb (NASDAQ:ABNB – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.79 billion. Airbnb had a net margin of 23.30% and a return on equity of 37.51%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS.

Institutional Trading of Airbnb

Several institutional investors have recently modified their holdings of the stock. Column Capital Advisors LLC raised its stake in Airbnb by 5.8% during the first quarter. Column Capital Advisors LLC now owns 1,455 shares of the company’s stock worth $181,000 after purchasing an additional 80 shares during the period. Mirador Capital Partners LP raised its stake in Airbnb by 1.5% during the first quarter. Mirador Capital Partners LP now owns 6,220 shares of the company’s stock worth $774,000 after purchasing an additional 90 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in Airbnb by 2.2% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,220 shares of the company’s stock worth $525,000 after purchasing an additional 90 shares during the period. True Capital Management raised its stake in Airbnb by 1.0% during the first quarter. True Capital Management now owns 9,500 shares of the company’s stock worth $1,182,000 after purchasing an additional 94 shares during the period. Finally, Macroview Investment Management LLC raised its stake in shares of Airbnb by 76.0% in the 1st quarter. Macroview Investment Management LLC now owns 220 shares of the company’s stock valued at $27,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 350,000 shares of the firm’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $113.50, for a total transaction of $39,725,000.00. Following the completion of the transaction, the director now owns 5,450,101 shares of the company’s stock, valued at $618,586,463.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Joseph Gebbia sold 350,000 shares of the firm’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $113.50, for a total transaction of $39,725,000.00. Following the sale, the director now owns 5,450,101 shares in the company, valued at $618,586,463.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 2,750 shares of the firm’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $117.54, for a total transaction of $323,235.00. Following the sale, the chief technology officer now owns 184,772 shares in the company, valued at approximately $21,718,100.88. The disclosure for this sale can be found here. Insiders sold a total of 3,081,403 shares of company stock valued at $372,068,252 over the last 90 days. Insiders own 30.84% of the company’s stock.

About Airbnb

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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.