Airbnb Inc. (NASDAQ:ABNB) does about 6.22M shares in volume on a normal day but saw 4437604 shares change hands in Monday trading. The company now has a market cap of 65.19B USD. Its current market price is $105.22, marking an increase of 3.89% compared to the previous close of $101.28. The 52 week high reached by this stock is $191.73 whilst the lowest price level in 52 weeks is $81.91. The script in recent trading has seen the stock touch a high of $105.38 and a low of $101.35.
Airbnb Inc. (ABNB) has a 20-day trading average at $91.79 and the current price is -45.12% off the 52-week high compared with 28.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $94.68 and its 200-day simple moving average is $111.66. If we look at the stock’s price movements over the week, volatility stands at 3.49%, which increases to 3.62% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.36 to suggest the stock is neutral.
41 analysts observing the Airbnb Inc. (ABNB) stock have set the 12-month price targets for the company’s shares at between $80.00 and $158.00. The consensus objective for the share price is $124.70, suggesting that the stock has a potential upside of 15.62% over the period. The median price target is 14.11% away from the current levels at $122.50.
FactSet Research has provided data showing that 41 brokerages have issued ratings for the stock. 3 analysts have rated it as a sell, while 4 advise that it is a overweight. 15 analysts have rated it as a buy and 19 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 07, 2022 when Morgan Stanley downgraded the stock to “Underweight” and issued a price target of between $110 and $80. Robert W. Baird also downgraded the stock to “Neutral” from Outperform on November 22, 2022 at a price target of $120-$100. Bernstein initiated its price target at $143.
The current price level is 15.78%, 11.28%, and -6.05% away from its SMA20, SMA50, and SMA200 respectively, with the ABNB price moving above the 50-day SMA on January 23. Airbnb Inc. (ABNB) stock is up 4.83% over the week and 20.09% over the past month. Its price is 23.06% year-to-date and -33.41% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.56 above consensus estimates by $0.13. The company’s next earnings report is expected on 05/11/2023, with forecasts estimating quarterly EPS at $1.46 and $2.23 for whole year. ABNB’s earnings per share are forecast to grow by 491.20% this year and 15.70% over next year. Expected sales for next quarter are $1.86 billion, which analysts say will come at $8.28 billion for the current fiscal year and next year at $9.55 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.84 billion.
Its 12-month price target is $122.50. To reach the target analysts have set, the stock logically needs to grow 15.62 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $80.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $158.00.
Outstanding shares total 638.70M with insiders holding 1.46% of the shares and institutional holders owning 65.59% of the company’s common stock. The company has a return on investment of 0.00% and return on equity of 32.10%. The price to earnings ratio (P/E ratio) amounts to 43.90 while the forward price to earnings ratio is 37.81. Price to book ratio is 12.14 and price to sales ratio is 8.12.
According to a U.S. Securities and Exchange Commission filing, American Funds Growth Fund of Ame has added its position in Airbnb Inc. (ABNB) to 16,294,500 shares, mirroring a recent increase by 1.55%. American Funds Growth Fund of Ame added 0.25 million shares of Airbnb Inc. common stock bringing its total worth to about $1.39 billion at the end of recent close, SEC documents show. American Funds Growth Fund of Ame isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 67750.0 shares to end up with 10,902,531 shares worth $932.17 million. American Funds AMCAP Fund raise their holdings by 1.91% in the company over the course of the most recent quarter. It now holds a 1.34% position in Airbnb Inc. thanks to 5.34 million shares amounting to $456.57 million.