Airbnb Inc (NASDAQ:ABNB) shares traded -0.60% lower at $150.00 on Wall Street last session.
ABNB stock price is now -0.82% away from the 50-day moving average and 4.29% away from the 200-day moving average. The market capitalization of the company currently stands at $95.23B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $160 to $165, Wedbush Upgraded its rating from Neutral to Outperform for Airbnb Inc (NASDAQ: ABNB). On May 09, 2024, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $160 to quote $156, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Chesky Brian, CEO and Chairman sold 115,385 shares of the company’s stock on Jun 24 ’24. The stock was sold for $17,155,152 at an average price of $148.68. Upon completion of the transaction, the CEO and Chairman now directly owns 14,029,687 shares in the company, valued at $2.1 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 24 ’24, Director Gebbia Joseph sold 18,060 shares of the business’s stock. A total of $2,709,074 was realized by selling the stock at an average price of $150.00. A total of 33.98% of the company’s stock is owned by insiders.
During the past 12 months, Airbnb Inc has had a low of $113.24 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 $86423568384, which is based on a 20.10 price-to-earnings ratio, a 1.08 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for ABNB is $151.1328 and a two-hundred day moving average price translates $143.84995 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.
