Wedbush Analysts Decrease Earnings Estimates for Airbnb

Airbnb, Inc. (NASDAQ:ABNB - Free Report) - Equities researchers at Wedbush reduced their FY2026 EPS estimates for shares of Airbnb in a research report issued on Friday, May 2nd. Wedbush analyst S. Devitt now expects that the company will post earnings of $4.24 per share for the year, down from their previous forecast of $4.33. Wedbush currently has a "Neutral" rating and a $135.00 target price on the stock. The consensus estimate for Airbnb's current full-year earnings is $4.31 per share.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share.

ABNB has been the subject of several other research reports. Barclays lowered their price objective on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a research report on Friday. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and lifted their price target for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a research report on Friday, February 14th. B. Riley dropped their target price on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Evercore ISI reduced their price target on Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research report on Friday. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $142.31.

Airbnb Stock Down 2.6 %

NASDAQ ABNB traded down $3.22 during trading hours on Monday, reaching $121.67. 5,224,914 shares of the company's stock were exchanged, compared to its average volume of 4,909,477. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $76.72 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company's 50-day moving average is $122.42 and its two-hundred day moving average is $131.37. Airbnb has a one year low of $99.88 and a one year high of $163.93.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $123.28, for a total transaction of $86,296.00. Following the completion of the transaction, the chief technology officer now directly owns 221,422 shares in the company, valued at $27,296,904.16. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 230,772 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,953,435 shares of company stock valued at $266,592,685. 27.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Airbnb during the 4th quarter worth $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at $28,000. Finally, Graney & King LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $32,000. 80.76% of the stock is currently owned by institutional investors.

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.