In yesterday’s Wall Street session, Airbnb Inc (NASDAQ:ABNB) shares traded at $144.51, up 2.82% from the previous session.
As of this writing, 42 analysts cover 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 $140.55, this indicates a potential downside of -3.95 percent. ABNB stock price is now 15.02% away from the 50-day moving average and 14.41% away from the 200-day moving average. The market capitalization of the company currently stands at $92.49B.
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There are 23 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $132.34 as their price target over the next twelve months.
With the price target reduced from $135 to $100, Barclays Downgraded its rating from Equal Weight to Underweight for Airbnb Inc (NASDAQ: ABNB).
In other news, Blecharczyk Nathan, Chief Strategy Officer sold 10,335 shares of the company’s stock on Dec 08. The stock was sold for $1,454,619 at an average price of $140.75. Upon completion of the transaction, the Chief Strategy Officer now directly owns 713,762 shares in the company, valued at $103.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08, CEO and Chairman Chesky Brian sold 2,742 shares of the business’s stock. A total of $385,948 was realized by selling the stock at an average price of $140.75. This leaves the insider owning 15,871,556 shares of the company worth $2.29 billion. Insiders disposed of 15,477,897 shares of company stock worth roughly $2.24 billion over the past 1 year. A total of 35.55% of the company’s stock is owned by insiders.
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 $81.43B, which is based on a 17.50 price-to-earnings ratio, a 0.80 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for ABNB is $125.64 and a two-hundred day moving average price translates $126.31 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 $6.16, beating analysts’ expectations of $1.95 by 4.21. 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 $2.16B in revenue.
