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Are we looking at the next big move in Airbnb Inc (ABNB)?

Airbnb Inc (NASDAQ: ABNB) is 17.61% higher on its value in year-to-date trading and has touched a low of $103.55 and a high of $170.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ABNB stock was last observed hovering at around $163.37 in the last trading session, with the day’s loss setting it -3.26%.

Currently trading at $160.11, the stock is -2.54% and 3.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing -2.00% at the moment leaves the stock 15.44% off its SMA200. ABNB registered 30.94% gain for a year compared to 6-month gain of 16.69%. The firm has a 50-day simple moving average (SMA 50) of $9.52 and a 200-day simple moving average (SMA200) of $42.34.

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The stock witnessed a 0.24% loss in the last 1 month and extending the period to 3 months gives it a 17.61%, and is -4.69% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.87% over the week and 2.34% over the month.

Airbnb Inc (ABNB) has around 6907 employees, a market worth around $102.16B and $9.92B in sales. Current P/E ratio is 22.13 and Fwd P/E is 32.26. Profit margin for the company is 48.32%. Distance from 52-week low is 54.62% and -5.87% from its 52-week high. The company has generated returns on investments over the last 12 months (46.04%).

Airbnb Inc quarterly earnings per share for the current quarter are estimated at $0.24 with sales reaching $2.06B over the same period.The EPS is expected to shrink by -40.11% this year, but quarterly earnings will post 11.80% year-over-year. Quarterly sales are estimated to grow 13.20% in year-over-year returns.

Airbnb Inc (ABNB) Top Institutional Holders

1,562 institutions hold shares in Airbnb Inc (ABNB), with institutional investors hold 79.30% of the company’s shares. The shares outstanding are 438.00M, and float is at 415.07M with Short Float at 4.73%. Institutions hold 76.91% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 23.94 million shares valued at $3.07 billion. The investor’s holdings represent 5.61% of the ABNB Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 22.92 million shares valued at $2.94 billion to account for 5.38% of the shares outstanding. The other top investors are Capital World Investors which holds 20.51 million shares representing 4.81% and valued at over $2.63 billion, while Blackrock Inc. holds 4.45% of the shares totaling 18.96 million with a market value of $2.43 billion.

Airbnb Inc (ABNB) Insider Activity

The most recent transaction is an insider sale by BALOGH ARISTOTLE N,the company’sChief Technology Officer. SEC filings show that BALOGH ARISTOTLE N sold 22,170 shares of the company’s common stock on Mar 26 ’24 at a price of $169.18 per share for a total of $3.75 million. Following the sale, the insider now owns 0.14 million shares.

Airbnb Inc disclosed in a document filed with the SEC on Mar 25 ’24 that BALOGH ARISTOTLE N (Chief Technology Officer) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $169.02 per share for $0.25 million. Following the transaction, the insider now directly holds 0.14 million shares of the ABNB stock.

Still, SEC filings show that on Mar 21 ’24, BALOGH ARISTOTLE N (Chief Technology Officer) disposed off 78,682 shares at an average price of $169.30 for $13.32 million. The insider now directly holds 144,331 shares of Airbnb Inc (ABNB).

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