ABNB is the stock symbol of Airbnb Inc. In a report made public on December 1, 2018, Oppenheimer analysts provided forecasts for the earnings per share (EPS) that Airbnb will generate during the first quarter of 2023. According to the projections made by J Kelly of Oppenheimer, the company will earn $0.01 per share in the third quarter. The current consensus estimate puts Airbnb’s annual earnings at $2.58 per share, which is the amount expected to be earned. Additionally, Oppenheimer predicted that Airbnb’s second quarter 2023 earnings would be $0.59 per share, third quarter 2023 earnings would be $1.68 per share, and fourth quarter 2023 earnings would be $0.59 per share. $0.31 per share.
NASDAQ:ABNB stock started the trading day at $101.27. The lowest price Airbnb had last year was $86.71 and its highest price last year was $191.73. The company has a simple moving average of $105.79 for the last fifty days and a simple moving average of $108.70 for the last 200 days. The company’s market capitalization is $65 billion; it has a price/earnings ratio of 42.20, a price/earnings/growth ratio of 1.78 and a beta of 0.99. While the current ratio is 1.85 and the quick ratio is also 1.85, the debt ratio is 0.36.
Other research analysts have recently written reports on the company, and there have been plenty. Susquehanna lowered its price target on Airbnb from $150.00 to $135.00 and called the company “positive” in a research report published Wednesday, November 2. Credit Suisse Group lowered its price target on Airbnb from $165.00 to $154.00 and gave the stock a “neutral” rating in a report released Wednesday, November 2. Sanford C. Bernstein published research on Airbnb on October 4, the day she began covering the company. Outperform was the rating assigned to the company and $143,000 was set as the price target. Cowen lowered his price target for Airbnb from $140,000 to $125,000 in a research report released Nov. 2.
Finally, in a study released Nov. 2, KeyCorp lowered its price target for Airbnb from $145.00 to $140.00 and called the company “overweight.” One financial analyst suggests selling the stock, eighteen suggest holding the stock and thirteen suggest buying the stock. According to Bloomberg.com, the general view on Airbnb is to “hold” the stock, and the average price target has been $141.70.
On September 9, Airbnb director Jeffrey D. Jordan sold 3,000 shares of the company, as reported in other news. At an average price of $120.09 per share, the stock could fetch a total of $360,270.00 when sold. As a result of the transaction, the director now owns 282,646 shares of the company, which have a combined value of approximately $33,942,958.14. The transaction was discussed in a filing filed with the Securities and Exchange Commission (SEC), which can be viewed on the SEC’s website at $120.09 per share; the stock was able to fetch a total of $360,270.00 when it was sold. As a result of the transaction, the director now owns 282,646 shares of the company, which have a combined value of approximately $33,942,958.14. The transaction was discussed in a filing filed with the Securities and Exchange Commission (SEC), which can be viewed on the SEC’s website. On November 25, Airbnb Chief Technology Officer Aristotle N. Balogh completed the sale of 500 shares of the company’s capital. The total value of the stock trade was $48,485.00, with each stock fetching an average price of $96.97. The chief technology officer currently owns a stake in 220,296 shares of the company, valued at approximately $21,362,103.12. The transaction was made public through an SEC filing, which can be located here.
Additionally, on Friday, September 9, director Jeffrey D. Jordan completed the sale of 3,000 shares of the company. At an average price of $120.09 per share, the stock could fetch a total of $360,270.00 when sold. As a result of the transaction, the director now has a total of 282,646 shares of the company, which are worth a combined total of $33,942,958.14. The disclosure of this sale can be found here. Insiders sold a total of 830,741 shares of the company in the past ninety days, bringing in $93,591,608. 32.69% of the company’s shares are held by individuals.
Several large investors have recently been active in the market, buying and selling shares of ABNB. In the first three months of 2018, Hazlett Burt & Watson Inc. acquired a new investment in Airbnb by paying approximately $34,000 in cash. The Alliance of Independent Advisors increased its Airbnb holdings by 32.6% in the first quarter. Independent Advisor Alliance now owns 9,392 shares of the company, valued at $1,613,000 following the acquisition of 2,307 additional shares in the last quarter. During the first three months of 2018, CIBC Asset Management Inc. increased the percentage of Airbnb shares it held by 7.1%. Following the acquisition of 4,536 additional shares during the previous quarter, CIBC Asset Management Inc. now owns 68,848 shares of the company, which are worth $1,825,000. AIA Group Ltd. increased its percentage stake in Airbnb to 91.1% in the first quarter. After purchasing an additional 491 shares in the last quarter, AIA Group Ltd. now owns 1,030 shares of the company, with a total value of $177,000.
Finally, in the first three months of 2019, the State Board of Administration of the Florida Retirement System increased the percentage of Airbnb shares held by 16.3%. The State Board of Administration of the Florida Retirement System now owns 25,404 shares of the company after making an additional purchase of 3,561 shares in the last quarter. The current market value of the State Board of Administration’s assets is $4,363,000. Currently, hedge funds and other institutional investors own 39.4% of the company’s shares.
The platform administered by Airbnb, Inc. and its subsidiaries enables hosts worldwide to offer visitors places to stay and experiences. Through its marketplace business concept, the company brings hosts and guests to facilitate the booking of rooms and activities online or via mobile devices. Private rooms, primary residences and holiday residences are the main types of accommodation it offers.
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