During the recent session, Airbnb Inc (NASDAQ:ABNB)’s traded shares were 1.23 million, with the beta value of the company hitting 1.12. At the last check today, the stock’s price was $129.83, reflecting an intraday loss of -2.56% or -$3.41. The 52-week high for the ABNB share is $170.10, that puts it down -31.02 from that peak though still a striking 14.98% gain since the share price plummeted to a 52-week low of $110.38. The company’s market capitalization is $82.31B, and the average intraday trading volume over the past 10 days was 3.98 million shares, and the average trade volume was 4.65 million shares over the past three months.
Airbnb Inc (ABNB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.94. ABNB has a Sell rating from 3 analyst(s) out of 29 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.58.
Airbnb Inc (NASDAQ:ABNB) trade information
Airbnb Inc (ABNB) registered a -2.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.56% in intraday trading to $129.83, hitting a weekly high. The stock’s 5-day price performance is -1.76%, and it has moved by -3.26% in 30 days. Based on these gigs, the overall price performance for the year is -8.76%. The short interest in Airbnb Inc (NASDAQ:ABNB) is 14.36 million shares and it means that shorts have 3.27 day(s) to cover.
The consensus price target of analysts on Wall Street is $133.5, which implies an increase of 2.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $170 respectively. As a result, ABNB is trading at a discount of -30.94% off the target high and 61.49% off the low.
Airbnb Inc (ABNB) estimates and forecasts
Statistics show that Airbnb Inc has underperformed its competitors in share price, compared to the industry in which it operates. Airbnb Inc (ABNB) shares have gone down -9.98% during the last six months, with a year-to-date growth rate less than the industry average at -45.03% against 8.10. In the rating firms’ projections, revenue will increase 11.36% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.42B as predicted by 35 analyst(s). Meanwhile, a consensus of 28 analyst(s) estimates revenue growth to 2.3B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.22B and 2.14B respectively. In this case, analysts expect current quarter sales to grow by 9.19% and then jump by 7.49% in the coming quarter.
While earnings are projected to return -44.99% in 2025, the next five years will return 15.00% per annum.
ABNB Dividends
Airbnb Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Airbnb Inc (NASDAQ:ABNB)’s Major holders
Airbnb Inc insiders own 0.78% of total outstanding shares while institutional holders control 78.89%, with the float percentage being 79.51%. VANGUARD GROUP INC is the largest shareholder of the company, while 1608.0 institutions own stock in it. As of 2024-06-30, the company held over 36.51 million shares (or 5.7232% of all shares), a total value of $5.54 billion in shares.
The next largest institutional holding, with 28.22 million shares, is of BLACKROCK INC.’s that is approximately 4.4226% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.28 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Airbnb Inc (ABNB) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 12.55 shares. This amounts to just over 2.90 percent of the company’s overall shares, with a $1.63 billion market value. The same data shows that the other fund manager holds slightly less at 11.52, or about 2.66% of the stock, which is worth about $1.49 billion.
