Oppenheimer Equities Analysts Raise Earnings Estimates for Airbnb, Inc. (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNBGet Rating) – Stock analysts at Oppenheimer increased their Q3 2022 earnings per share estimates for Airbnb in a research note issued on Wednesday, August 3rd. Oppenheimer analyst J. Kelly now expects that the company will post earnings of $1.39 per share for the quarter, up from their prior estimate of $1.19. The consensus estimate for Airbnb’s current full-year earnings is $1.90 per share. Oppenheimer also issued estimates for Airbnb’s Q4 2022 earnings at $0.09 EPS and FY2024 earnings at $3.40 EPS.

ABNB has been the subject of a number of other research reports. Citigroup decreased their target price on Airbnb from $160.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Airbnb from $185.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Needham & Company LLC decreased their target price on Airbnb from $220.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday. Susquehanna Bancshares decreased their target price on Airbnb from $190.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group decreased their target price on Airbnb from $200.00 to $175.00 and set a “buy” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $158.97.

Airbnb Trading Up 3.7 %

Airbnb stock opened at $119.22 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. Airbnb has a 52 week low of $86.71 and a 52 week high of $212.58. The company has a market capitalization of $76.64 billion, a price-to-earnings ratio of 65.15, a price-to-earnings-growth ratio of 3.30 and a beta of 1.23. The stock has a 50-day moving average price of $104.75 and a 200 day moving average price of $136.22.

Airbnb (NASDAQ:ABNBGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a return on equity of 26.86% and a net margin of 16.91%. During the same quarter last year, the business earned ($0.11) EPS.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $120.63, for a total value of $482,520.00. Following the completion of the sale, the chief technology officer now directly owns 266,203 shares in the company, valued at approximately $32,112,067.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $120.63, for a total value of $482,520.00. Following the completion of the sale, the chief technology officer now directly owns 266,203 shares in the company, valued at approximately $32,112,067.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Belinda J. Johnson sold 20,000 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $108.04, for a total value of $2,160,800.00. Following the completion of the sale, the director now owns 3,203 shares of the company’s stock, valued at $346,052.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 598,934 shares of company stock worth $59,771,495. 32.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Hedge funds have recently modified their holdings of the business. First Foundation Advisors grew its holdings in shares of Airbnb by 19.5% during the 1st quarter. First Foundation Advisors now owns 2,842 shares of the company’s stock worth $488,000 after purchasing an additional 464 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Airbnb by 22.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,499 shares of the company’s stock worth $3,177,000 after purchasing an additional 3,350 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in shares of Airbnb by 34.2% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 28,758 shares of the company’s stock worth $4,939,000 after purchasing an additional 7,334 shares during the period. CWM LLC purchased a new position in shares of Airbnb during the 4th quarter worth $439,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Airbnb by 25.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,415 shares of the company’s stock worth $4,231,000 after purchasing an additional 5,092 shares during the period. 34.66% of the stock is currently owned by hedge funds and other institutional investors.

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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