The stock of Airbnb Inc (NASDAQ:ABNB) last traded at $127.41, down -0.25% from the previous session.
Data from the available sources indicates that Airbnb Inc (NASDAQ:ABNB) is covered by 40 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 $144.30. Given the previous closing price of $127.73, this indicates a potential upside of 12.97 percent. ABNB stock price is now -7.28% away from the 50-day moving average and 5.12% away from the 200-day moving average. The market capitalization of the company currently stands at $81.30B.
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In total, 19 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $141.89 as their price target over the next twelve months.
In other news, Chesky Brian, CEO and Chairman sold 30,000 shares of the company’s stock on Oct 02. The stock was sold for $4,096,097 at an average price of $136.54. Upon completion of the transaction, the CEO and Chairman now directly owns 16,668,931 shares in the company, valued at $2.12 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, Chief Accounting Officer Bernstein David C sold 13,814 shares of the business’s stock. A total of $1,886,302 was realized by selling the stock at an average price of $136.55. This leaves the insider owning 45,013 shares of the company worth $5.74 million. Insiders disposed of 10,551,404 shares of company stock worth roughly $1.34 billion over the past 1 year. A total of 37.07% 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 JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $158,138,000. ORBIS ALLAN GRAY LTD invested $113,700,000 in shares of ABNB during the first quarter. In the first quarter, CLEAR STREET LLC acquired a new stake in Airbnb Inc valued at approximately $18,564,000. GTS SECURITIES LLC acquired a new stake in ABNB for approximately $16,763,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in ABNB valued at around $15,972,000 in the second quarter. In total, there are 1,447 active investors with 45.90% ownership of the company’s stock.
With an opening price of $128.75 on Wednesday morning, Airbnb Inc (NASDAQ: ABNB) set off the trading day. 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 0.46, a current ratio of 1.47, and a quick ratio of 1.47. According to the stock market information, the enterprise value for the company is $73.50B, which is based on a 37.34 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for ABNB is $136.99 and a two-hundred day moving average price translates $121.39 for the stock.
The latest earnings results from Airbnb Inc (NASDAQ: ABNB) was released for Jun, 2023. According to the Travel Services Company, earnings per share came in at $0.98, beating analysts’ expectations of $0.78 by 0.2. This compares to $0.55 EPS in the same period last year. The net profit margin was 25.31% and return on equity was 44.65% 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. For the current quarter, analysts expect ABNB to generate $3.37B 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.
