William Blair assesses Airbnb, Inc.’s earnings in Q4 2023 (NASDAQ:ABNB)

The trading symbol for Airbnb, Inc. stock on the New York Stock Exchange is ABNB. According to a January 4 report, analysts working at William Blair cut their Airbnb earnings projections for the fourth quarter of 2023. William Blair analyst R. Schackart cut his previous projection by $0.25 per share at $0.20 per share. . This represents a reduction of 5%. Airbnb’s current average earnings estimate for the full year is $2.58 per share, derived from several different calculations. The previous estimate was $2.40 per share, an increase from that.
The ABNB was investigated and the findings were presented in various reports. Following the November 2 research release, Cowen lowered its Airbnb stock price estimate from $140.00 to $125.00. Piper Sandler cut her price target on Airbnb shares from $121.00 to $110.00 and gave the stock a “neutral” rating in a research report published Nov. 1. In a research report released Nov. 2, Susquehanna Bancshares announced that they would be lowering their target price on Airbnb shares from $150.00 to $135.00. Despite this, they continued to recommend buying the stock with a “positive” outlook. In a research report published Nov. 22, Robert W. Baird lowered his target price for Airbnb shares from $120.00 to $100.00 and downgraded them from “outperforming” to “neutral.” Last but not least, in a research report released Nov. 2, KeyCorp cut its price target on Airbnb shares from $145.00 to $142.00 and called the stock “overweight.” . Thirteen analysts suggest buying the stock, seventeen simply suggest holding the stock and two suggest selling the stock. According to Bloomberg.com, the stock’s current rating is “Hold” and the stock price target should be projected at $140.79.
When trading on ABNB began on Thursday, the stock was valued at $88.72 per share. The stock has a price/earnings ratio of 36.97, a price/earnings/growth ratio of 1.46 and a beta value of 1.01. These ratios measure how closely the stock price follows its earnings. Its current market value is $56.99 billion, which gives it a market capitalization. The company’s moving average over the past fifty days is $95.32, and the moving average over the past two hundred days is, respectively, $104.78. 1.85 is the value shared by the three ratios: the debt ratio, the current ratio and the quick ratio. The debt to equity ratio is currently 0.36. The listing with the lowest price on Airbnb is $81.91 and the listing with the highest price on Airbnb is $191.73. Both prices can be found on Airbnb.
On November 1, Airbnb’s latest quarterly earnings report, listed on NASDAQ under ABNB, was made public. The company reported earnings per share (EPS) of $1.79 for the quarter, $0.36 higher than the estimate used by the market, which was $1.43 per share. The company’s sales during the period were $2.88 billion, a significant increase from the $2.86 billion forecast by analysts for the period. Airbnb’s return on equity was 32.13% and the company’s net margin was 20.28%.
Several hedge funds and institutional investors have participated in recent corporate stock trading by buying and selling shares. In the first three months of 2018, Wealth Architects LLC increased its stake in Airbnb by 3.1% by purchasing additional shares. After purchasing an additional 88 shares of the company’s stock over the previous three months, Wealth Architects LLC now owns a total stake in the company equal to 2,973 shares, which are currently valued at $511,000 (as of last filing). Keystone Financial Group increased the percentage ownership of Airbnb held by 2.0% during the second quarter of the fiscal year. Keystone Financial Group holds a total of 5,153 shares of the company following the purchase of 99 additional shares during the last quarter. The current value of all shares of Keystone Financial Group in the company’s stock is $460,000. Parkside Financial Bank & Trust increased its ownership percentage in Airbnb to 33.0% in the first three months of 2018. Parkside Financial Bank & Trust owns 399 shares of the company, which are worth $69,000 due from the recent purchase of another 99 shares of the company in the last quarter. This brings the total number of shares held by the company to 399. During the second quarter, First Hawaiian Bank managed to increase its stake in Airbnb by 2.6%. First Hawaiian Bank now owns 3,563 shares of the company after purchasing an additional 100 shares in the most recent period. Based on the current share price, First Hawaiian Bank’s stock holdings are valued at $353,000. Stelac Advisory Services LLC purchased 5.9% of Airbnb shares in the first three months of 2018. After acquiring an additional 105 shares of the company during the relevant period, Stelac Advisory Services LLC now owns 1,885 shares of the company, the value of which is $324,000. Hedge funds and other institutional investors own 39.02% of the company’s shares.
On top of that, director Joseph Gebbia sold 11,635 shares of the company on December 27. The price of each share was calculated at $84.09 on average after the sale, which earned the company a total of $978,387.15. After completion of the transaction, the administrator now owns a total of 113,087 shares of the company, which is approximately equivalent to $9,509,485.83 in value. The Securities and Exchange Commission w

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