Airbnb, Inc. to Post 2021 Second Quarter Profit of ($ 0.44) Per Share, Forecast by Wedbush (NASDAQ: ABNB)
Airbnb, Inc. (NASDAQ: ABNB) – Wedbush stock research analysts raised their earnings per share estimates for the second quarter of 2021 for Airbnb stocks in a research note released on Wednesday, July 21. Wedbush analyst J. Hardiman now expects the company to post earnings per share of ($ 0.44) for the quarter, up from its previous forecast of ($ 0.50). Wedbush is currently rated “Neutral” and has a target price of $ 150.00 on the stock. Wedbush also released estimates for Airbnb earnings for the fourth quarter of 2021 at ($ 0.05) EPS, FY2021 earnings at ($ 0.84) EPS, and FY2022 earnings at $ 0.16 EPS. Airbnb (NASDAQ: ABNB) last released its quarterly earnings data on Wednesday, May 12. The company reported ($ 1.12) earnings per share (EPS) for the quarter, beating the Zacks consensus estimate ($ 1.15) by $ 0.03. The company posted revenue of $ 887.00 million for the quarter, compared to analysts’ estimates of $ 717.99 million. The company’s quarterly revenue is up 5.4% from the same quarter last year.
The ABNB has been the subject of a number of other reports. Wells Fargo & Company downgraded Airbnb from an “equal weight” rating to an “overweight” rating and set a target price of $ 200.00 for the company in a Friday May 14 research note. Bank of America lowered its target price on Airbnb from $ 190.00 to $ 180.00 and set a “neutral” rating for the company in a research note on Friday, May 14. Gordon Haskett downgraded Airbnb shares from an “underperformance” rating to a “buy” rating and set a target price of $ 172.00 on the stock in a report released on Tuesday the 13th. July. Wolfe Research assumed coverage of Airbnb shares in a report released Thursday, April 1. They issued a “peer performance” rating and a price target of $ 180.00 for the company. Finally, Truist Securities lowered its price target for Airbnb shares from $ 180.00 to $ 160.00 and set a “hold” rating on the share in a report released on Friday, May 14. One research analyst rated the stock with a sell rating, twenty issued a conservation rating, and seventeen assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $ 170.91.
Actions of Airbnb Stock opened for $ 139.47 on Friday. The company’s fifty-day simple moving average is $ 144.56. The company has a leverage ratio of 0.63, a quick ratio of 1.66, and a current ratio of 1.66. Airbnb has a 12-month low of $ 121.50 and a 12-month high of $ 219.94.
In other news, CAD David C. Bernstein sold 2,522 Airbnb shares in a trade on Monday, May 24. The stock was sold for an average price of $ 135.15, for a total trade of $ 340,848.30. Following the closing of the sale, the chief accounting officer now owns 77,135 shares of the company, valued at $ 10,424,795.25. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this link. In addition, director Belinda J. Johnson sold 25,000 shares of the company in a transaction dated Wednesday, July 14. The shares were sold at an average price of $ 143.80, for a total trade of $ 3,595,000.00. Following the completion of the transaction, the director now owns 224,327 shares of the company, valued at $ 32,258,222.60. Disclosure of this sale can be found here. In the past three months, insiders have sold 3,020,714 shares of the company valued at $ 432,036,109. Insiders own 36.30% of the shares of the company.
Several institutional investors and hedge funds have recently changed their positions in ABNB. Caliber Wealth Management LLC increased its stake in Airbnb shares by 90.7% in the second quarter. Caliber Wealth Management LLC now owns 9,929 shares of the company valued at $ 1,521,000 after purchasing an additional 4,723 shares during the period. Sitrin Capital Management LLC increased its stake in Airbnb by 46.2% during the second quarter. Sitrin Capital Management LLC now owns 43,003 shares of the company valued at $ 6,585,000 after purchasing an additional 13,582 shares in the last quarter. Traynor Capital Management Inc. acquired a new stake in Airbnb during the second quarter valued at approximately $ 4,254,000. Welch & Forbes LLC purchased a new position in Airbnb in the 2nd quarter valued at approximately $ 527,000. Finally, Stratos Wealth Partners LTD. increased its position in Airbnb shares by 78.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,259 shares of the company valued at $ 1,112,000 after purchasing an additional 3,186 shares in the last quarter. 12.53% of the shares are currently held by institutional investors.
Airbnb Company Profile
Airbnb, Inc., along with its subsidiaries, operates a travel and experiences platform for guests around the world. The company’s market model connects hosts and guests online or through mobile devices to book spaces and experiences. It mainly offers private rooms and luxury villas. The company was previously known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.
See also: Overbought
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