Airbnb (ABNB) Projected to Post Earnings on Thursday

Airbnb (NASDAQ:ABNB) is expected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Airbnb to post earnings of $0.61 per share and revenue of $2.42 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the firm earned $2.39 EPS. On average, analysts expect Airbnb to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Airbnb Trading Down 0.9 %

Shares of Airbnb stock opened at $129.60 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50-day moving average of $133.11 and a 200-day moving average of $130.26. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The stock has a market cap of $82.16 billion, a PE ratio of 45.47, a PEG ratio of 1.72 and a beta of 1.12.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07. Following the completion of the transaction, the chief executive officer now directly owns 12,421,986 shares in the company, valued at $1,613,243,321.82. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,410,754 shares of company stock valued at $186,754,248 over the last ninety days. 27.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ABNB. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Bank of America boosted their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group raised their price target on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $139.63.

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.