Airbnb Inc [ABNB] stock is trading at $167.39, down -0.36%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ABNB shares have gain 3.46% over the last week, with a monthly amount glided 12.14%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Airbnb to Participate in the Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, Airbnb, Inc. (NASDAQ: ABNB) announced today that incoming Chief Financial Officer (effective March 1, 2024), Ellie Mertz, will speak at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024 beginning at 2:10pm PT / 5:10pm ET. A live webcast of the session will be available to the public at https://cc.webcasts.com/morg007/030424a_js/?entity=138_FJDWOQU. A replay will be made available on the Investor Relations website at https://investors.airbnb.com.
From an analyst’s perspective:
Airbnb Inc [NASDAQ: ABNB] stock has seen the most recent analyst activity on February 14, 2024, when Needham reiterated its Buy rating and also boosted its price target to $160 from $150. Previously, DA Davidson downgraded its rating to Neutral on February 14, 2024, and kept the price target unchanged to $145. On January 09, 2024, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $134 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $100 on December 12, 2023. Jefferies downgraded its rating to a Hold and reduced its price target to $140 on November 29, 2023. Evercore ISI downgraded its rating to In-line for this stock on November 17, 2023, but kept the price target unchanged to $136. In a note dated October 24, 2023, Seaport Research Partners initiated an Neutral rating.
Airbnb Inc [ABNB] stock has fluctuated between $103.55 and $170.10 over the past year. Currently, Wall Street analysts expect the stock to reach $144.28 within the next 12 months. Airbnb Inc [NASDAQ: ABNB] shares were valued at $167.39 at the most recent close of the market. An investor can expect a potential drop of -13.81% based on the average ABNB price forecast.
Analyzing the ABNB fundamentals
Airbnb Inc [NASDAQ:ABNB] reported sales of 9.92B for the trailing twelve months, which represents a growth of 16.61%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.48%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.69 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 166.47 points at the first support level, and at 165.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.15, and for the 2nd resistance point, it is at 170.92.
Airbnb Inc [ABNB] reported earnings per share of $0.76 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.62/share, meaning a difference of $0.14 and a surprise factor of 22.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $6.63 per share as compared to estimates of $2.1 per share, a difference of $4.53 representing a surprise of 215.70%.
Ratios To Look Out For
For context, Airbnb Inc’s Current Ratio is 1.66. Further, the Quick Ratio stands at 1.66, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 10.77, the price to book ratio is 13.08 and price to earnings (TTM) ratio is 23.14.
Transactions by insiders
Recent insider trading involved BALOGH ARISTOTLE N, Chief Technology Officer, that happened on Mar 21 ’24 when 78682.0 shares were sold. Chief Technology Officer, BALOGH ARISTOTLE N completed a deal on Mar 19 ’24 to sell 600.0 shares. Meanwhile, Chief Technology Officer BALOGH ARISTOTLE N sold 600.0 shares on Mar 12 ’24.
