What is B. Riley’s Forecast for Airbnb FY2024 Earnings?

Airbnb, Inc. (NASDAQ:ABNB) – Investment analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for shares of Airbnb in a report released on Friday, November 8th. B. Riley analyst N. Khan now forecasts that the company will earn $4.04 per share for the year, down from their previous forecast of $4.39. B. Riley has a “Neutral” rating and a $140.00 price objective on the stock. The consensus estimate for Airbnb’s current full-year earnings is $4.07 per share. B. Riley also issued estimates for Airbnb’s Q2 2025 earnings at $1.00 EPS and Q3 2025 earnings at $2.42 EPS.

A number of other equities research analysts have also weighed in on ABNB. Raymond James began coverage on Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday. Wedbush increased their price objective on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday. Sanford C. Bernstein decreased their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. Finally, The Goldman Sachs Group cut their price target on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $139.94.

Airbnb Stock Up 2.1 %

Shares of NASDAQ:ABNB opened at $137.40 on Monday. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $129.54 and its 200-day simple moving average is $137.20. The company has a market cap of $88.16 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 1.90 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 33.36% and a net margin of 16.96%. During the same period in the prior year, the business earned $2.39 earnings per share.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 in the last quarter. 27.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after purchasing an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after buying an additional 1,684,646 shares during the last quarter. Farallon Capital Management LLC acquired a new position in shares of Airbnb during the first quarter valued at $265,292,000. International Assets Investment Management LLC grew its position in shares of Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Airbnb in the 1st quarter worth about $175,496,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.