Airbnb (NASDAQ:ABNB) Issues Earnings Results, Beats Expectations By $0.12 EPS

Airbnb (NASDAQ:ABNB) announced its quarterly earnings data on Thursday. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12, Zacks reports. Airbnb had a return on equity of 32.88% and a net margin of 16.96%.

Airbnb Stock Up 0.4 %

Shares of Airbnb stock traded up $0.52 on Thursday, hitting $141.04. 11,231,411 shares of the company’s stock traded hands, compared to its average volume of 4,293,245. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average is $132.90 and its 200 day moving average is $129.95. The stock has a market cap of $89.42 billion, a P/E ratio of 49.49, a PEG ratio of 1.88 and a beta of 1.12. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Analysts Set New Price Targets

ABNB has been the subject of several research analyst reports. Barclays increased their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Benchmark reiterated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Bank of America lifted their price target on shares of Airbnb to $151.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $139.38.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the sale, the chief technology officer now directly owns 181,914 shares of the company’s stock, valued at $23,572,416.12. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,417,704 shares of company stock valued at $187,654,829. 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.