B. Riley Issues Pessimistic Estimate for Airbnb Earnings

Airbnb, Inc. (NASDAQ:ABNB) – Investment analysts at B. Riley lowered their Q3 2024 earnings per share estimates for shares of Airbnb in a note issued to investors on Wednesday, October 23rd. B. Riley analyst N. Khan now forecasts that the company will earn $2.18 per share for the quarter, down from their previous forecast of $2.21. B. Riley has a “Neutral” rating and a $140.00 price objective on the stock. The consensus estimate for Airbnb’s current full-year earnings is $4.33 per share. B. Riley also issued estimates for Airbnb’s FY2024 earnings at $4.39 EPS, Q1 2025 earnings at $0.48 EPS, Q3 2025 earnings at $2.67 EPS, FY2025 earnings at $5.62 EPS, FY2026 earnings at $7.42 EPS, FY2027 earnings at $9.26 EPS and FY2028 earnings at $11.43 EPS.

A number of other research firms have also recently commented on ABNB. TD Cowen decreased their target price on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley boosted their target price on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Sanford C. Bernstein dropped their price target on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Finally, Argus cut shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $135.35.

Airbnb Price Performance

Shares of ABNB opened at $134.58 on Friday. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a 50 day moving average price of $124.60 and a 200-day moving average price of $139.37. The stock has a market capitalization of $86.68 billion, a PE ratio of 18.04, a PEG ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data 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 the consensus estimate of $2.74 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total value of $81,666.00. Following the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at approximately $26,247,996.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total transaction of $81,666.00. Following the transaction, the chief technology officer now owns 192,844 shares of the company’s stock, valued at approximately $26,247,996.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 406,171 shares of company stock valued at $50,208,253 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently made changes to their positions in ABNB. Transcendent Capital Group LLC purchased a new stake in shares of Airbnb in the first quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb during the 3rd quarter worth $25,000. New Millennium Group LLC purchased a new stake in shares of Airbnb in the second quarter valued at $28,000. Cultivar Capital Inc. acquired a new position in Airbnb in the second quarter valued at $30,000. Finally, Heritage Wealth Advisors increased its stake in Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Company Profile

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.