The stock of Airbnb Inc (NASDAQ:ABNB) last traded at $132.75, up 0.63% from the previous session.
ABNB stock price is now 6.51% away from the 50-day moving average and -7.58% away from the 200-day moving average. The market capitalization of the company currently stands at $83.95B.
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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, BALOGH ARISTOTLE N, Chief Technology Officer sold 600 shares of the company’s stock on Oct 22 ’24. The stock was sold for $81,666 at an average price of $136.11. Upon completion of the transaction, the Chief Technology Officer now directly owns 192,844 shares in the company, valued at $25.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 22 ’24, Officer BALOGH ARISTOTLE N bought 600 shares of the business’s stock. A total of $81,666 was incurred on buying the stock at an average price of $136.11. A total of 33.19% 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 0.28, a current ratio of 1.41, and a quick ratio of 1.41. According to the stock market information, the enterprise value for the company is $74977214464, which is based on a 18.08 price-to-earnings ratio, a 1.21 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for ABNB is $124.6332 and a two-hundred day moving average price translates $143.64203 for the stock.
The latest earnings results from Airbnb Inc (NASDAQ: ABNB) was released for 2024-06-30. The net profit margin was 46.11% and return on equity was 74.18% for ABNB. The company reported revenue of $2.75 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.63 percent.
