The price of Airbnb Inc. (NASDAQ:ABNB) shares last traded on Wall Street rose 1.41% to $145.36.
Based on available information, 40 analysts follow Airbnb Inc. (NASDAQ:ABNB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $163.00 and a low of $95.00, we find $135.00. Given the previous closing price of $143.34, this indicates a potential downside of -5.82 percent. ABNB stock price is now 20.68% away from the 50-day moving average and 30.16% away from the 200-day moving average. The market capitalization of the company currently stands at $90.84B.
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Among analysts, 19 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $129.07 as their price target over the next twelve months.
With the price target of $99, Wells Fargo recently initiated with Underweight rating for Airbnb Inc. (NASDAQ: ABNB).
In other news, Gebbia Joseph, Director sold 516,666 shares of the company’s stock on Jul 13. The stock was sold for $71,726,388 at an average price of $138.83. Upon completion of the transaction, the Director now directly owns 2,183,435 shares in the company, valued at $317.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 11, Chief Technology Officer BALOGH ARISTOTLE N sold 22,750 shares of the business’s stock. A total of $3,106,151 was realized by selling the stock at an average price of $136.53. This leaves the insider owning 189,651 shares of the company worth $27.57 million. Insiders disposed of 24,037,186 shares of company stock worth roughly $3.49 billion over the past 1 year. A total of 3.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ABNB stock. A new stake in Airbnb Inc. shares was purchased by EDGEWOOD MANAGEMENT LLC during the first quarter worth $858,263,000. ALPHINITY INVESTMENT MANAGEMENT PTY LTD invested $176,614,000 in shares of ABNB during the first quarter. In the first quarter, LORD, ABBETT & CO. LLC acquired a new stake in Airbnb Inc. valued at approximately $102,522,000. TWO CREEKS CAPITAL MANAGEMENT, LP acquired a new stake in ABNB for approximately $84,235,000. MARSHALL WACE, LLP purchased a new stake in ABNB valued at around $66,273,000 in the second quarter. In total, there are 1,336 active investors with 64.30% ownership of the company’s stock.
A candlestick chart of Airbnb Inc. (NASDAQ: ABNB) showed a price of $142.29 on Monday morning. During the past 12 months, Airbnb Inc. has had a low of $81.91 and a high of $144.63. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.50, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $83.36B, which is based on a 48.44 price-to-earnings ratio, a 2.20 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for ABNB is $120.98 and a two-hundred day moving average price translates $111.87 for the stock.
The latest earnings results from Airbnb Inc. (NASDAQ: ABNB) was released for Mar, 2023. According to the Travel Services Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.09 by 0.09. This compares to -$0.03 EPS in the same period last year. The net profit margin was 23.30% and return on equity was 37.50% for ABNB. The company reported revenue of $1.82 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.48 percent. For the current quarter, analysts expect ABNB to generate $2.42B in revenue.
Airbnb Inc.(ABNB) 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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.
