Airbnb Inc (NASDAQ:ABNB) shares traded 4.58% higher at $147.37 on Wall Street last session.
ABNB stock price is now 14.44% away from the 50-day moving average and 2.63% away from the 200-day moving average. The market capitalization of the company currently stands at $94.56B.
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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, Blecharczyk Nathan, Officer bought 156,924 shares of the company’s stock on Nov 07 ’24. The stock was bought for $22,753,980 at an average price of $145.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Chief Financial Officer Mertz Elinor sold 6,250 shares of the business’s stock. A total of $851,437 was realized by selling the stock at an average price of $136.23. This leaves the insider owning 524,572 shares of the company worth $77.31 million. 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 $84223246336, which is based on a 20.07 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for ABNB is $128.1802 and a two-hundred day moving average price translates $143.56133 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.
