Airbnb Inc (NASDAQ:ABNB) shares traded 6.87% higher at $135.02 on Wall Street last session.
In accordance with the data, 41 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 $126.34, this indicates a potential upside of 6.85 percent. ABNB stock price is now 7.91% away from the 50-day moving average and 7.18% away from the 200-day moving average. The market capitalization of the company currently stands at $86.42B.
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It has been rated a hold by 23 analysts and a buy by 11. Brokers who have rated the stock have averaged $133.15 as their price target over the next twelve months.
With the price target reduced from $155 to $140, Jefferies Downgraded its rating from Buy to Hold for Airbnb Inc (NASDAQ: ABNB).
In other news, Stephenson Dave, Chief Financial Officer sold 11,087 shares of the company’s stock on Nov 29. The stock was sold for $1,408,049 at an average price of $127.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 94,788 shares in the company, valued at $12.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28, CEO and Chairman Chesky Brian sold 202,596 shares of the business’s stock. A total of $25,794,701 was realized by selling the stock at an average price of $127.32. This leaves the insider owning 15,994,162 shares of the company worth $2.16 billion. Insiders disposed of 15,727,897 shares of company stock worth roughly $2.12 billion over the past 1 year. A total of 35.69% of the company’s stock is owned by insiders.
Airbnb Inc (NASDAQ: ABNB) opened at $125.50 on Friday. 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 $77.88B, which is based on a 16.35 price-to-earnings ratio, a 0.82 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for ABNB is $125.16 and a two-hundred day moving average price translates $125.97 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 $6.63, beating analysts’ expectations of $2.1 by 4.53. 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.
