Airbnb (NASDAQ:ABNB) Issues Earnings Results, Beats Expectations By $0.12 EPS

Airbnb (NASDAQ:ABNB) issued its quarterly earnings results on Thursday. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12, Zacks reports. Airbnb had a net margin of 16.96% and a return on equity of 32.88%.

Airbnb Stock Performance

ABNB traded up $0.52 on Thursday, hitting $141.04. 11,704,834 shares of the company traded hands, compared to its average volume of 4,327,681. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a 50 day moving average of $132.90 and a 200-day moving average of $129.95. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $89.42 billion, a PE ratio of 49.49, a PEG ratio of 1.88 and a beta of 1.12.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. UBS Group lifted their price objective on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays raised their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Benchmark reissued a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Finally, Robert W. Baird lifted their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $139.38.

Insider Buying and Selling at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,417,704 shares of company stock worth $187,654,829. 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.