Airbnb Inc (NASDAQ:ABNB) shares traded -1.98% lower at $136.32 on Wall Street last session.
ABNB stock price is now 1.30% away from the 50-day moving average and -4.24% away from the 200-day moving average. The market capitalization of the company currently stands at $86.42B.
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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, Gebbia Joseph, Director sold 214,285 shares of the company’s stock on Dec 03 ’24. The stock was sold for $29,383,625 at an average price of $137.12. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Director Gebbia Joseph sold 19,448 shares of the business’s stock. A total of $2,667,195 was realized by selling the stock at an average price of $137.14. This leaves the insider owning 2,509 shares of the company worth $0.34 million. A total of 33.46% 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 $76174868480, which is based on a 47.88 price-to-earnings ratio, a 3.19 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for ABNB is $134.455 and a two-hundred day moving average price translates $142.42375 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.
