Airbnb Inc (NASDAQ: ABNB) Hogging The Spotlight Today

Currently, there are 640.05M common shares owned by the public and among those 412.75M shares have been available to trade.

Insiders at the company have transacted a total of 278 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 5,135,554 shares. Insider sales of the common stock occurred on 246 occasions, with total insider shares sold totaling 15,177,012 shares.

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However, the script later moved the day high at 157.35, up 4.20%. The company’s stock has a 5-day price change of 6.23% and 33.14% over the past three months. ABNB shares are trading 12.97% year to date (YTD), with the 12-month market performance up to 33.81% higher. It has a 12-month low price of $103.55 and touched a high of $154.95 over the same period. ABNB has an average intraday trading volume of 1.69 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.97%, 9.36%, and 17.43% respectively.

Institutional ownership of Airbnb Inc (NASDAQ: ABNB) shares accounts for 52.00% of the company’s 640.05M shares outstanding.

It has a market capitalization of $98.44B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 18.63, while the earnings-per-share (ttm) stands at $8.26. The company has a PEG of 0.87 and a Quick Ratio of 1.78 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 3.04% over the month.

Analysts forecast that Airbnb Inc (ABNB) will achieve an EPS of $0.62 for the current quarter, $0.22 for the next quarter and $4.4 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of $0.77. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to increase by 194.30%, and -46.93% over the next financial year.

Looking at the support for the ABNB, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $134.

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