In yesterday’s Wall Street session, Airbnb Inc (NASDAQ:ABNB) shares traded at $168.18, up 2.11% from the previous session.
ABNB stock price is now 11.31% away from the 50-day moving average and 22.73% away from the 200-day moving average. The market capitalization of the company currently stands at $107.31B.
With the price target enhanced from $150 to $160, Needham maintained Buy rating for Airbnb Inc (NASDAQ: ABNB). On February 14, 2024, DA Davidson Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $145, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, BALOGH ARISTOTLE N, Chief Technology Officer sold 600 shares of the company’s stock on Mar 19 ’24. The stock was sold for $96,894 at an average price of $161.49. Upon completion of the transaction, the Chief Technology Officer now directly owns 144,331 shares in the company, valued at $24.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Chief Technology Officer BALOGH ARISTOTLE N sold 600 shares of the business’s stock. A total of $97,800 was realized by selling the stock at an average price of $163.00. This leaves the insider owning 144,931 shares of the company worth $24.37 million. A total of 34.95% of the company’s stock is owned by insiders.
During the past 12 months, Airbnb Inc has had a low of $103.55 and a high of $168.19. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 1.66, and a quick ratio of 1.66. According to the stock market information, the enterprise value for the company is $97.30B, which is based on a 23.25 price-to-earnings ratio, a 0.97 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for ABNB is $151.66 and a two-hundred day moving average price translates $137.29 for the stock.
The latest earnings results from Airbnb Inc (NASDAQ: ABNB) was released for Dec, 2023. According to the Travel Services Company, earnings per share came in at $0.76, beating analysts’ expectations of $0.62 by 0.14. This compares to $0.47 EPS in the same period last year. The net profit margin was 48.32% and return on equity was 69.83% for ABNB. The company reported revenue of $2.22 billion for the quarter, compared to $1.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.61 percent. For the current quarter, analysts expect ABNB to generate $2.06B in revenue.
