Airbnb, Inc. (NASDAQ:ABNB) Expected to Post FY2024 Earnings of $4.11 Per Share

Airbnb, Inc. (NASDAQ:ABNB) – Equities research analysts at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for shares of Airbnb in a research note issued to investors on Thursday, September 5th. Cantor Fitzgerald analyst D. Mathivanan anticipates that the company will post earnings per share of $4.11 for the year. Cantor Fitzgerald has a “Underweight” rating and a $94.00 price objective on the stock. The consensus estimate for Airbnb’s current full-year earnings is $4.39 per share.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business earned $0.98 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year.

Several other equities analysts have also commented on the company. The Goldman Sachs Group dropped their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group dropped their price objective on Airbnb from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. BMO Capital Markets decreased their target price on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. UBS Group dropped their price target on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Susquehanna cut their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $134.48.

Airbnb Price Performance

Shares of ABNB opened at $115.12 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $130.28 and its 200-day simple moving average is $146.46. The firm has a market capitalization of $74.14 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.52 and a beta of 1.16. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Airbnb in the first quarter valued at about $7,628,000. Rafferty Asset Management LLC lifted its position in shares of Airbnb by 18.4% during the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after acquiring an additional 22,551 shares during the period. SteelPeak Wealth LLC boosted its stake in shares of Airbnb by 17.2% during the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after acquiring an additional 985 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Airbnb by 20.6% in the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after acquiring an additional 83,383 shares during the period. Finally, State of Tennessee Treasury Department grew its holdings in shares of Airbnb by 35.8% in the 4th quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock worth $19,503,000 after acquiring an additional 37,785 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 5,442 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $150.00, for a total transaction of $816,300.00. Following the completion of the transaction, the director now owns 42,087 shares in the company, valued at approximately $6,313,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Airbnb news, Director Joseph Gebbia sold 5,442 shares of Airbnb stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $150.00, for a total value of $816,300.00. Following the sale, the director now owns 42,087 shares of the company’s stock, valued at approximately $6,313,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total value of $89,940.00. Following the transaction, the chief technology officer now directly owns 209,974 shares of the company’s stock, valued at $31,475,102.60. The disclosure for this sale can be found here. Insiders have sold a total of 451,932 shares of company stock worth $67,643,949 in the last three months. Insiders own 27.83% of the company’s stock.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.