Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total transaction of $89,382.00. Following the completion of the transaction, the chief technology officer now owns 209,374 shares in the company, valued at $31,190,444.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Airbnb Stock Performance
Airbnb stock opened at $151.63 on Friday. The firm’s fifty day moving average price is $150.43 and its 200-day moving average price is $150.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $97.66 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. Airbnb, Inc. has a fifty-two week low of $113.24 and a fifty-two week high of $170.10.
Airbnb (NASDAQ:ABNB – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.
Institutional Trading of Airbnb
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. DA Davidson reiterated a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. Truist Financial boosted their target price on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. BMO Capital Markets boosted their target price on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, Piper Sandler Companies boosted their price target on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $152.38.
Read Our Latest Report on ABNB
About Airbnb
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.
Further Reading
- Five stocks we like better than Airbnb
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- How to Use the MarketBeat Excel Dividend Calculator
- MarketBeat Week in Review – 6/24 – 6/28
- Profitably Trade Stocks at 52-Week Highs
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.