Q3 2024 EPS Estimates for Airbnb, Inc. Decreased by William Blair (NASDAQ:ABNB)

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Airbnb, Inc. (NASDAQ:ABNB - Free Report) - Stock analysts at William Blair lowered their Q3 2024 earnings per share estimates for shares of Airbnb in a research note issued to investors on Tuesday, August 6th. William Blair analyst R. Schackart now forecasts that the company will post earnings per share of $2.13 for the quarter, down from their prior forecast of $2.62. The consensus estimate for Airbnb's current full-year earnings is $4.66 per share. William Blair also issued estimates for Airbnb's Q4 2024 earnings at $0.78 EPS, FY2024 earnings at $4.16 EPS, Q4 2025 earnings at $0.93 EPS and FY2025 earnings at $4.85 EPS.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business 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 business posted $0.98 EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis.

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Several other equities analysts have also issued reports on the company. Bank of America decreased their price target on Airbnb from $160.00 to $132.00 and set a "neutral" rating on the stock in a research note on Wednesday. Robert W. Baird decreased their price target on Airbnb from $140.00 to $120.00 and set a "neutral" rating on the stock in a research note on Wednesday. DA Davidson reissued a "neutral" rating and set a $145.00 price objective on shares of Airbnb in a report on Thursday, May 9th. Truist Financial raised their price objective on Airbnb from $131.00 to $134.00 and gave the company a "hold" rating in a report on Thursday, May 30th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Wednesday. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $137.00.

Get Our Latest Research Report on ABNB

Airbnb Trading Up 1.4 %

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Shares of ABNB opened at $114.64 on Friday. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The business's fifty day moving average is $145.04 and its 200-day moving average is $151.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $73.83 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.67 and a beta of 1.18.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Airbnb in the 1st quarter valued at about $25,000. New Millennium Group LLC bought a new stake in Airbnb during the 2nd quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in Airbnb during the 4th quarter worth approximately $27,000. Bfsg LLC bought a new stake in Airbnb during the 4th quarter worth approximately $27,000. Finally, Westend Capital Management LLC bought a new stake in Airbnb during the 1st quarter worth approximately $33,000. 80.76% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO David C. Bernstein sold 6,000 shares of the business's stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the transaction, the chief accounting officer now directly owns 47,043 shares of the company's stock, valued at approximately $6,915,321. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO David C. Bernstein sold 6,000 shares of the business's stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the sale, the chief accounting officer now directly owns 47,043 shares of the company's stock, valued at approximately $6,915,321. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 44,990 shares of the business's stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares of the company's stock, valued at $6,971,908.68. The disclosure for this sale can be found here. Insiders have sold 735,492 shares of company stock valued at $109,402,066 in the last ninety days. 27.83% of the stock is owned by company insiders.

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.

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