The stock of Airbnb Inc. (NASDAQ:ABNB) last traded at $130.61, down -1.24% from the previous session.
Data from the available sources indicates that Airbnb Inc. (NASDAQ:ABNB) is covered by 41 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $175.00 and a low of $75.00, we find $145.00. Given the previous closing price of $132.25, this indicates a potential upside of 9.64 percent. ABNB stock price is now -3.69% away from the 50-day moving average and 12.20% away from the 200-day moving average. The market capitalization of the company currently stands at $83.82B.
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In total, 21 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $143.09 as their price target over the next twelve months.
With the price target of $160, Melius recently initiated with Neutral rating for Airbnb Inc. (NASDAQ: ABNB).
In other news, Gebbia Joseph, Director sold 166,667 shares of the company’s stock on Aug 28. The stock was sold for $21,001,302 at an average price of $126.01. Upon completion of the transaction, the Director now directly owns 1,333,355 shares in the company, valued at $174.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28, Director Gebbia Joseph sold 7,812 shares of the business’s stock. A total of $988,598 was realized by selling the stock at an average price of $126.55. This leaves the insider owning 74,670 shares of the company worth $9.75 million. Insiders disposed of 10,342,304 shares of company stock worth roughly $1.35 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 PORTSIDE WEALTH GROUP, LLC during the first quarter worth $256,971,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $162,110,000 in shares of ABNB during the first quarter. In the first quarter, ORBIS ALLAN GRAY LTD acquired a new stake in Airbnb Inc. valued at approximately $116,556,000. CLEAR STREET LLC acquired a new stake in ABNB for approximately $19,030,000. GTS SECURITIES LLC purchased a new stake in ABNB valued at around $17,184,000 in the second quarter. In total, there are 1,447 active investors with 64.30% ownership of the company’s stock.
During the past 12 months, Airbnb Inc. has had a low of $81.91 and a high of $154.95. As of last week, the company has a debt-to-equity ratio of 0.39, 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 $75.32B, which is based on a 38.18 price-to-earnings ratio, a 1.74 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for ABNB is $135.69 and a two-hundred day moving average price translates $116.55 for the stock.
The latest earnings results from Airbnb Inc. (NASDAQ: ABNB) was released for Jun, 2023. The net profit margin was 25.30% and return on equity was 42.90% for ABNB. The company reported revenue of $2.48 billion for the quarter, compared to $2.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.06 percent.
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.
