Do investors have a safe investment in Airbnb Inc (NASDAQ:ABNB)?

The price of Airbnb Inc (NASDAQ:ABNB) shares last traded on Wall Street rose 6.18% to $122.64.

Based on available information, 41 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 $175.00 and a low of $75.00, we find $135.00. Given the previous closing price of $115.50, this indicates a potential upside of 16.88 percent. ABNB stock price is now -5.91% away from the 50-day moving average and -1.72% away from the 200-day moving average. The market capitalization of the company currently stands at $77.31B.

Among analysts, 20 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $134.15 as their price target over the next twelve months.

In other news, JORDAN JEFFREY D, Director sold 2,000 shares of the company’s stock on Nov 02. The stock was sold for $245,060 at an average price of $122.53. Upon completion of the transaction, the Director now directly owns 193,646 shares in the company, valued at $23.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, Director JORDAN JEFFREY D sold 8,000 shares of the business’s stock. A total of $946,000 was realized by selling the stock at an average price of $118.25. This leaves the insider owning 195,646 shares of the company worth $23.99 million. Insiders disposed of 10,787,031 shares of company stock worth roughly $1.32 billion over the past 1 year. A total of 36.24% of the company’s stock is owned by insiders.

A candlestick chart of Airbnb Inc (NASDAQ: ABNB) showed a price of $117.98 on Friday morning. 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 0.25, a current ratio of 1.78, and a quick ratio of 1.78. According to the stock market information, the enterprise value for the company is $69.74B, which is based on a 14.86 price-to-earnings ratio, a 0.68 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for ABNB is $130.31 and a two-hundred day moving average price translates $124.91 for the stock.

The latest earnings results from Airbnb Inc (NASDAQ: ABNB) was released for Sep, 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 $1.79 EPS in the same period last year. The net profit margin was 56.87% and return on equity was 74.47% for ABNB. The company reported revenue of $3.4 billion for the quarter, compared to $2.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.79 percent. For the current quarter, analysts expect ABNB to generate $3.18B 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.

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