In yesterday’s Wall Street session, Airbnb Inc (NASDAQ:ABNB) shares traded at $135.25, up 2.90% from the previous session.
ABNB stock price is now 2.45% away from the 50-day moving average and -5.43% away from the 200-day moving average. The market capitalization of the company currently stands at $85.74B.
On September 05, 2024, Cantor Fitzgerald recently initiated its ‘Underweight’ rating on the stock quoting a target price of $94, while ‘Argus’ rates the stock as ‘Hold’
In other news, Blecharczyk Nathan, Officer bought 9,603 shares of the company’s stock on Nov 20 ’24. The stock was bought for $1,250,503 at an average price of $130.22. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Director Joseph Gebbia bought 1,499,995 shares of the business’s stock. A total of $196,514,345 was incurred on buying the stock at an average price of $131.01. A total of 33.48% of the company’s stock is owned by insiders.
During the past 12 months, Airbnb Inc has had a low of $110.38 and a high of $170.10. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 1.62, and a quick ratio of 1.62. According to the stock market information, the enterprise value for the company is $75506360320, which is based on a 47.50 price-to-earnings ratio, a 3.17 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for ABNB is $131.6298 and a two-hundred day moving average price translates $143.05638 for the stock.
The latest earnings results from Airbnb Inc (NASDAQ: ABNB) was released for 2024-09-30. The net profit margin was 16.96% and return on equity was 20.87% for ABNB. The company reported revenue of $3.73 billion for the quarter, compared to $3.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.86 percent.
