Wedbush Research Analysts Cut Earnings Estimates for Airbnb

Airbnb, Inc. (NASDAQ:ABNB) – Wedbush decreased their FY2026 EPS estimates for shares of Airbnb in a 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 prior estimate 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) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS.

Several other research analysts have also issued reports on the stock. Tigress Financial increased their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Robert W. Baird lowered their target price on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Morgan Stanley upped their price target on Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research note on Thursday, April 17th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, May 2nd. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $142.31.

Airbnb Price Performance

ABNB opened at $121.67 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap 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 stock has a fifty day simple moving average of $122.42 and a two-hundred day simple moving average of $131.37. Airbnb has a 12-month low of $99.88 and a 12-month high of $163.93.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction 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 trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $123.28, for a total value 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 approximately $27,296,904.16. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,953,435 shares of company stock worth $266,592,685. Company insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after acquiring an additional 72,991 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Northern Trust Corp grew its holdings in Airbnb by 8.4% during the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock valued at $564,647,000 after buying an additional 331,607 shares in the last quarter. Renaissance Technologies LLC increased its stake in Airbnb by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock worth $548,683,000 after acquiring an additional 558,856 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Airbnb during the 4th quarter worth approximately $433,374,000. Institutional investors own 80.76% of the company’s stock.

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.