Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at $26,247,996.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Airbnb Price Performance
Shares of NASDAQ:ABNB opened at $134.58 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The business’s fifty day moving average price is $124.97 and its two-hundred day moving average price is $139.03. The stock has a market cap of $86.68 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.
Airbnb (NASDAQ:ABNB – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that Airbnb, Inc. will post 4.33 EPS for the current fiscal year.
Institutional Investors Weigh In On Airbnb
Analysts Set New Price Targets
A number of research firms have recently commented on ABNB. Sanford C. Bernstein cut their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. JPMorgan Chase & Co. reduced their price objective on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Wedbush lowered their target price on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Bank of America reiterated a “hold” rating and issued a $142.00 price target (up previously from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Finally, Morgan Stanley raised their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $135.35.
View Our Latest Analysis on Airbnb
Airbnb Company Profile
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.
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