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Airbnb Inc. (NASDAQ:ABNB) At $142.75: What To Do?

In last trading session, Airbnb Inc. (NASDAQ:ABNB) saw 74.74 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $142.75 trading at -$1.37 or -0.95% at ring of the bell on the day assigns it a market valuation of $90.78B. That closing price of ABNB’s stock is at a discount of -8.55% from its 52-week high price of $154.95 and is indicating a premium of 42.62% from its 52-week low price of $81.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.54 million shares which gives us an average trading volume of 5.55 million if we extend that period to 3-months.

For Airbnb Inc. (ABNB), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 40 analysts covering the stock, 5 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 20 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.92 in the current quarter.

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Airbnb Inc. (NASDAQ:ABNB) trade information

Upright in the red during last session for losing -0.95%, in the last five days ABNB remained trading in the red while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $142.75 price level, adding 5.56% to its value on the day. Airbnb Inc.’s shares saw a change of 66.96% in year-to-date performance and have moved -2.11% in past 5-day. Airbnb Inc. (NASDAQ:ABNB) showed a performance of 10.80% in past 30-days. Number of shares sold short was 19.7 million shares which calculate 4.18 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $143.65 to the stock, which implies a rise of 0.63% to its current value. Analysts have been projecting $75.00 as a low price target for the stock while placing it at a high target of $175.00. It follows that stock’s current price would drop -22.59% in reaching the projected high whereas dropping to the targeted low would mean a gain of 47.46% for stock’s current value.

Airbnb Inc. (ABNB) estimates and forecasts

Statistics highlight that Airbnb Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 18.97% of value to its shares in past 6 months, showing an annual growth rate of 33.33% while that of industry is 16.10. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 7.30% in the current quarter and calculating 16.70% increase in the next quarter. This year revenue growth is estimated to rise 17.20% from the last financial year’s standing.

28 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.36 billion for the same. And 28 analysts are in estimates of company making revenue of $2.18 billion in the next quarter that will end on Dec 2023. Company posted $2.84 billion and $1.9 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 18.30% while estimating it to be 14.40% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 91.50% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 588.10% while estimates for its earnings growth in next 5 years are of 22.00%.

ABNB Dividends

Airbnb Inc. is more likely to be releasing its next quarterly report between October 30 and November 03 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Airbnb Inc. (NASDAQ:ABNB)’s Major holders

Insiders are in possession of 3.35% of company’s total shares while institution are holding 68.27 percent of that, with stock having share float percentage of 70.64%. Investors also watch the number of corporate investors in a company very closely, which is 68.27% institutions for Airbnb Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at ABNB for having 23.94 million shares of worth $3.42 billion. And as of Jun 29, 2023, it was holding 3.75% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 22.92 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.59% of outstanding shares, having a total worth of $3.27 billion.

On the other hand, Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 22.22 million shares of worth $3.17 billion or 3.48% of the total outstanding shares. The later fund manager was in possession of 11.58 million shares on Jun 29, 2023, making its stake of worth around $1.65 billion in the company or a holder of 1.82% of company’s stock.

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