The price of Airbnb Inc (NASDAQ:ABNB) shares last traded on Wall Street fell -0.96% to $142.71.
ABNB stock price is now -10.22% away from the 50-day moving average and 0.37% away from the 200-day moving average. The market capitalization of the company currently stands at $90.60B.
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With the price target reduced from $160 to $156, HSBC Securities Downgraded its rating from Buy to Hold for Airbnb Inc (NASDAQ: ABNB). On April 24, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $150 to quote $200, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, BALOGH ARISTOTLE N, Chief Technology Officer sold 600 shares of the company’s stock on May 21 ’24. The stock was sold for $87,426 at an average price of $145.71. Upon completion of the transaction, the Chief Technology Officer now directly owns 212,374 shares in the company, valued at $30.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Chief Technology Officer BALOGH ARISTOTLE N sold 600 shares of the business’s stock. A total of $89,640 was realized by selling the stock at an average price of $149.40. This leaves the insider owning 219,304 shares of the company worth $31.3 million. A total of 32.32% of the company’s stock is owned by insiders.
During the past 12 months, Airbnb Inc has had a low of $103.74 and a high of $170.10. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 1.44, and a quick ratio of 1.44. According to the stock market information, the enterprise value for the company is $81795563520, which is based on a 19.12 price-to-earnings ratio, a 1.03 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for ABNB is $158.4712 and a two-hundred day moving average price translates $142.17528 for the stock.
The latest earnings results from Airbnb Inc (NASDAQ: ABNB) was released for 2024-03-31. The net profit margin was 48.23% and return on equity was 74.91% for ABNB. The company reported revenue of $2.14 billion for the quarter, compared to $1.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.82 percent.
