Airbnb, Inc. (NASDAQ: ABNB – Get a rating) – KeyCorp investment analysts lowered their second-quarter 2022 EPS estimates for Airbnb in a note to investors Monday, May 2. KeyCorp analyst J. Patterson now expects the company to earn $0.30 per share for the quarter, down from his previous forecast of $0.34. KeyCorp also released estimates for Airbnb’s fiscal year 2022 earnings at $1.30 EPS and fiscal year 2023 earnings at $2.11 EPS.
Several other research firms also weighed in on ABNB. Credit Suisse Group raised its target price on Airbnb from $185.00 to $190.00 in a research note on Wednesday. Mizuho lowered its price target on Airbnb from $205.00 to $175.00 in a research report on Wednesday. Goldman Sachs Group raised its price target on Airbnb from $140.00 to $150.00 and gave the stock a “sell” rating in a Wednesday, Feb. 16 research report. Wolfe Research raised its price target on Airbnb from $150.00 to $170.00 and gave the stock a “peer performance” rating in a Wednesday, Feb. 16 research report. Finally, BTIG Research downgraded Airbnb from a “buy” rating to a “neutral” rating in a Tuesday, February 8 research report. A research analyst rated the stock with a sell rating, seventeen gave the company a hold rating and fifteen gave the company a buy rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $198.51.
NASDAQ: ABNB opened at $145.00 on Wednesday. Airbnb has a 1-year minimum of $129.71 and a 1-year maximum of $212.58. The company’s 50-day moving average price is $159.55 and its two-hundred-day moving average price is $167.13. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt ratio of 0.42. The company has a market capitalization of $93.22 billion, a price-earnings ratio of -190.79 and a beta of 0.28.
Airbnb (NASDAQ: ABNB – Get a rating) last reported results on Tuesday, May 3. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.24. Airbnb had a negative return on equity of 5.84% and a negative net margin of 5.88%. The company posted revenue of $1.51 billion for the quarter, compared to analysts’ estimates of $1.45 billion. In the same quarter a year earlier, the company posted ($1.75) earnings per share. The company’s quarterly revenue increased 70.1% year over year.
Separately, CTO Aristotle N. Balogh sold 4,500 shares of the company in a trade on Tuesday, March 1. The stock was sold at an average price of $150.53, for a total transaction of $677,385.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Also, director Belinda J Johnson sold 20,000 Airbnb shares in a transaction dated Thursday, February 10. The stock was sold at an average price of $165.65, for a total value of $3,313,000.00. Disclosure of this sale can be found here. Insiders sold a total of 723,246 shares of the company worth $118,858,067 in the past 90 days. Company insiders own 36.30% of the company’s shares.
A number of hedge funds have recently changed their holdings to ABNB. Morgan Stanley increased its position in Airbnb by 143.8% in the second quarter. Morgan Stanley now owns 3,586,450 shares of the company worth $549,229,000 after acquiring 2,115,385 additional shares in the last quarter. The New York State Common Retirement Fund increased its holdings of Airbnb shares by 276.4% during the third quarter. The New York State Common Retirement Fund now owns 36,847 shares of the company valued at $6,181,000 after purchasing an additional 27,057 shares in the last quarter. New World Advisors LLC increased its stake in Airbnb by 11.7% in the third quarter. New World Advisors LLC now owns 1,542 shares of the company worth $257,000 after purchasing an additional 162 shares in the last quarter. Deutsche Bank AG increased its stake in Airbnb by 41.9% in the third quarter. Deutsche Bank AG now owns 373,254 shares of the company worth $62,615,000 after buying an additional 110,131 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Airbnb shares by 282.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,352 shares of the company worth $2,072,000 after acquiring 9,122 additional shares in the last quarter. 34.66% of the shares are currently held by institutional investors and hedge funds.
Airbnb Company Profile (Get a rating)
Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to provide stays and experiences to travelers around the world. The company’s marketplace model connects hosts and guests online or via mobile devices to book spaces and experiences. It mainly offers private rooms, main residences or vacation homes.
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