FY2024 EPS Estimates for Airbnb Raised by Cantor Fitzgerald

Airbnb, Inc. (NASDAQ:ABNB) – Investment analysts at Cantor Fitzgerald lifted their FY2024 earnings per share estimates for Airbnb in a report released on Tuesday, January 7th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will earn $3.98 per share for the year, up from their prior estimate of $3.97. Cantor Fitzgerald has a “Underweight” rating and a $94.00 price target on the stock. The consensus estimate for Airbnb’s current full-year earnings is $3.99 per share.

Several other equities analysts have also recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Susquehanna increased their target price on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Citigroup boosted their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Raymond James assumed coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target on the stock. Finally, Piper Sandler lifted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $139.48.

Airbnb Trading Down 0.4 %

NASDAQ ABNB opened at $130.80 on Thursday. The company’s fifty day moving average price is $135.20 and its two-hundred day moving average price is $132.95. The company has a market capitalization of $82.92 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the company posted $2.39 earnings per share.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $135.82, for a total value of $5,223,773.02. Following the completion of the sale, the chief executive officer now owns 12,498,908 shares in the company, valued at $1,697,601,684.56. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 955,057 shares of company stock worth $128,033,252 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of large investors have recently added to or reduced their stakes in ABNB. Pacer Advisors Inc. lifted its position in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Meritage Group LP acquired a new position in shares of Airbnb in the 3rd quarter valued at $160,985,000. Edgewood Management LLC boosted its position in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. International Assets Investment Management LLC increased its stake in Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after purchasing an additional 1,113,747 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares during the period. 80.76% of the stock is currently owned by 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.