Analysts Offer Predictions for Airbnb, Inc.’s FY2024 Earnings (NASDAQ:ABNB)

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 expects that the company will earn $4.11 per share for the year. Cantor Fitzgerald currently has a “Underweight” rating and a $94.00 target price on the stock. The consensus estimate for Airbnb’s current full-year earnings is $4.43 per share.

ABNB has been the topic of several other research reports. 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 research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Monday, August 26th. B. Riley dropped their target price on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Robert W. Baird lowered their target price on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $134.48.

Airbnb Price Performance

ABNB opened at $114.28 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 business’s fifty day simple moving average is $131.77 and its 200-day simple moving average is $147.00. The company has a market capitalization of $73.60 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.55 and a beta of 1.16. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $148.68, for a total value of $17,155,441.80. Following the completion of the sale, the chief executive officer now directly owns 14,029,687 shares in the company, valued at approximately $2,085,933,863.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $148.68, for a total transaction of $17,155,441.80. Following the completion of the sale, the chief executive officer now directly owns 14,029,687 shares of the company’s stock, valued at approximately $2,085,933,863.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $147.97, for a total value of $88,782.00. Following the completion of the transaction, the chief technology officer now owns 210,574 shares of the company’s stock, valued at approximately $31,158,634.78. The disclosure for this sale can be found here. Insiders have sold 497,522 shares of company stock worth $74,483,030 in the last three months. 27.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Fisher Asset Management LLC lifted its holdings in shares of Airbnb by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 2,632 shares of the company’s stock valued at $358,000 after purchasing an additional 143 shares in the last quarter. Principal Securities Inc. bought a new stake in Airbnb in the fourth quarter valued at approximately $504,000. Qsemble Capital Management LP raised its stake in Airbnb by 79.7% in the fourth quarter. Qsemble Capital Management LP now owns 3,954 shares of the company’s stock valued at $538,000 after buying an additional 1,754 shares during the period. Jump Financial LLC raised its stake in Airbnb by 3.9% in the fourth quarter. Jump Financial LLC now owns 10,356 shares of the company’s stock valued at $1,410,000 after buying an additional 393 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Airbnb by 51.8% in the fourth quarter. QRG Capital Management Inc. now owns 22,508 shares of the company’s stock valued at $3,064,000 after buying an additional 7,678 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

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.