Airbnb Inc (NASDAQ: ABNB) is -7.84% lower on its value in year-to-date trading and has touched a low of $110.38 and a high of $170.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABNB stock was last observed hovering at around $126.81 in the last trading session, with the day’s loss setting it -1.34%.
Currently trading at $125.47, the stock is 2.81% and 1.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.88 million and changing -1.06% at the moment leaves the stock -13.07% off its SMA200. ABNB registered -8.56% loss for a year compared to 6-month loss of -21.64%. The firm has a 50-day simple moving average (SMA 50) of $123.4464 and a 200-day simple moving average (SMA200) of $144.23187.
The stock witnessed a 6.96% gain in the last 1 month and extending the period to 3 months gives it a -18.71%, and is -4.57% 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 2.32% over the week and 2.55% over the month.
Airbnb Inc (ABNB) has around 6907 employees, a market worth around $79.49B and $10.51B in sales. Current P/E ratio is 17.09 and Fwd P/E is 27.31. Profit margin for the company is 46.11%. Distance from 52-week low is 13.67% and -26.24% from its 52-week high. The company has generated returns on investments over the last 12 months (47.41%).
The EPS is expected to shrink by -43.12% this year.
Airbnb Inc (ABNB) Top Institutional Holders
1645.0 institutions hold shares in Airbnb Inc (ABNB), with institutional investors hold 78.19% of the company’s shares. The shares outstanding are 438.00M, and float is at 423.81M with Short Float at 3.38%. Institutions hold 77.41% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 36.51 million shares valued at $5.54 billion. The investor’s holdings represent 5.7232% of the ABNB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.22 million shares valued at $4.28 billion to account for 4.4226 of the shares outstanding. The other top investors are FMR LLC which holds 22.34 million shares representing 3.5021% and valued at over $3.39 billion, while STATE STREET CORP holds 2.7325 of the shares totaling 17.43 million with a market value of $2.64 billion.
Airbnb Inc (ABNB) Insider Activity
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Still, SEC filings show that on Sep 30 ’24, Chesky Brian (Officer) Proposed Sale 83,654 shares at an average price of $127.32 for $10.65 million. The insider now directly holds shares of Airbnb Inc (ABNB).
