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Airbnb Inc (ABNB) Stock Could Soon Reward Patient Investors

Airbnb Inc (NASDAQ: ABNB) is 7.76% 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 $149.13 in the last trading session, with the day’s loss setting it -2.43%.

Currently trading at $146.70, the stock is -7.01% and -8.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.16 million and changing -1.63% at the moment leaves the stock 3.17% off its SMA200. ABNB registered 39.35% gain for a year compared to 6-month gain of 24.16%.

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The stock witnessed a -5.72% loss in the last 1 month and extending the period to 3 months gives it a -2.73%, and is -8.20% 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 2.36% over the week and 2.56% over the month.

Airbnb Inc (ABNB) has around 6907 employees, a market worth around $93.13B and $10.24B in sales. Current P/E ratio is 19.65 and Fwd P/E is 28.81. Profit margin for the company is 48.23%. Distance from 52-week low is 41.67% and -13.76% from its 52-week high. The company has generated returns on investments over the last 12 months (48.78%).

The EPS is expected to shrink by -37.80% this year.

Airbnb Inc (ABNB) Top Institutional Holders

The shares outstanding are 438.00M, and float is at 430.01M with Short Float at 3.58%.

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 600 shares of the company’s common stock on May 07 ’24 at a price of $162.00 per share for a total of $97200.0. Following the sale, the insider now owns 0.22 million shares.

Airbnb Inc disclosed in a document filed with the SEC on Apr 30 ’24 that BALOGH ARISTOTLE N (Chief Technology Officer) sold a total of 600 shares of the company’s common stock. The trade occurred on Apr 30 ’24 and was made at $161.02 per share for $96612.0. Following the transaction, the insider now directly holds 0.22 million shares of the ABNB stock.

Still, SEC filings show that on Apr 23 ’24, BALOGH ARISTOTLE N (Chief Technology Officer) disposed off 600 shares at an average price of $157.24 for $94344.0. The insider now directly holds 221,104 shares of Airbnb Inc (ABNB).

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