KeyCorp Brokers Boost Earnings Estimates for Airbnb, Inc. (NASDAQ:ABNB)
Airbnb, Inc. (NASDAQ:ABNB – Get Rating) – Investment analysts at KeyCorp raised their Q2 2022 earnings per share (EPS) estimates for shares of Airbnb in a report issued on Sunday, July 31st. KeyCorp analyst J. Patterson now expects that the company will post earnings of $0.41 per share for the quarter, up from their prior forecast of $0.39. KeyCorp currently has a “Overweight” rating and a $145.00 target price on the stock. The consensus estimate for Airbnb’s current full-year earnings is $1.90 per share.
A number of other brokerages have also recently issued reports on ABNB. Wolfe Research reduced their price objective on Airbnb from $130.00 to $110.00 and set a “peer perform” rating on the stock in a research note on Wednesday, June 15th. Stifel Nicolaus cut their price objective on Airbnb from $205.00 to $180.00 in a research report on Wednesday, May 4th. Royal Bank of Canada reiterated a “maintains” rating on shares of Airbnb in a report on Wednesday. Mizuho decreased their price objective on shares of Airbnb from $175.00 to $135.00 and set a “maintains” rating for the company in a report on Wednesday. Finally, Morgan Stanley cut their price objective on shares of Airbnb from $145.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $160.19.
Airbnb Trading Down 1.1 %
NASDAQ:ABNB opened at $115.02 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.61. Airbnb has a 1 year low of $86.71 and a 1 year high of $212.58. The company has a market cap of $73.94 billion, a P/E ratio of 99.16, a P/E/G ratio of 3.15 and a beta of 1.23. The stock’s fifty day moving average price is $104.75 and its two-hundred day moving average price is $136.22.
Airbnb (NASDAQ:ABNB – Get Rating) last released its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. During the same period last year, the firm earned ($0.11) earnings per share.
Hedge Funds Weigh In On Airbnb
Institutional investors have recently bought and sold shares of the company. Flossbach Von Storch AG purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $1,665,000. Commonwealth Equity Services LLC grew its holdings in shares of Airbnb by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 76,636 shares of the company’s stock valued at $12,759,000 after purchasing an additional 4,807 shares in the last quarter. NewEdge Wealth LLC grew its holdings in Airbnb by 16.5% during the 4th quarter. NewEdge Wealth LLC now owns 3,612 shares of the company’s stock worth $601,000 after acquiring an additional 512 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Airbnb by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 29,462 shares of the company’s stock worth $4,905,000 after acquiring an additional 1,825 shares in the last quarter. Finally, CWM LLC acquired a new position in Airbnb during the 4th quarter worth approximately $439,000. 34.66% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Belinda J. Johnson sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $108.04, for a total transaction of $2,160,800.00. Following the transaction, the director now directly owns 3,203 shares in the company, valued at $346,052.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 4,000 shares of Airbnb stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $120.63, for a total transaction of $482,520.00. Following the transaction, the chief technology officer now directly owns 266,203 shares of the company’s stock, valued at $32,112,067.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Belinda J. Johnson sold 20,000 shares of Airbnb stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $108.04, for a total transaction of $2,160,800.00. Following the transaction, the director now directly owns 3,203 shares in the company, valued at $346,052.12. The disclosure for this sale can be found here. Insiders have sold a total of 598,934 shares of company stock worth $59,771,495 over the last 90 days. 32.69% of the stock is currently owned by company insiders.
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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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