FY2025 EPS Estimates for Airbnb, Inc. (NASDAQ:ABNB) Cut by Wedbush

Airbnb, Inc. (NASDAQ:ABNB) – Analysts at Wedbush cut their FY2025 earnings per share (EPS) estimates for Airbnb in a research note issued on Wednesday, August 7th. Wedbush analyst S. Devitt now forecasts that the company will post earnings of $4.45 per share for the year, down from their prior forecast of $5.08. Wedbush currently has a “Outperform” rating and a $135.00 price target on the stock. The consensus estimate for Airbnb’s current full-year earnings is $4.66 per share.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share.

Other equities analysts have also issued research reports about the stock. Citigroup decreased their price target on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and increased their price target for the stock from $150.00 to $200.00 in a report on Wednesday, April 24th. JPMorgan Chase & Co. cut their price objective on Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group decreased their price objective on Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets dropped their target price on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $137.00.

Airbnb Trading Down 1.4 %

NASDAQ:ABNB traded down $1.64 during trading hours on Friday, hitting $113.00. The stock had a trading volume of 749,260 shares, compared to its average volume of 4,575,778. The business’s 50 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 company has a market cap of $72.78 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.67 and a beta of 1.18. Airbnb has a one year low of $110.38 and a one year high of $170.10.

Institutional Trading of Airbnb

Several large investors have recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp bought a new position in shares of Airbnb in the first quarter worth about $7,628,000. Rafferty Asset Management LLC lifted its stake in Airbnb by 18.4% in the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after purchasing an additional 22,551 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Airbnb in the fourth quarter valued at approximately $726,000. Cerity Partners LLC grew its stake in shares of Airbnb by 14.4% during the fourth quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after buying an additional 12,008 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in shares of Airbnb by 17.2% during the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after buying an additional 985 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total value of $75,942.00. Following the completion of the sale, the chief technology officer now directly owns 205,774 shares in the company, valued at $26,044,815.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total transaction of $75,942.00. Following the sale, the chief technology officer now directly owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $145.88, for a total value of $145,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,043 shares of the company’s stock, valued at approximately $6,424,992.84. 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 90 days. 27.83% of the stock is currently owned by 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.