Airbnb (NASDAQ:ABNB – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18, Briefing.com reports. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. Airbnb updated its Q2 2024 guidance to EPS.
Airbnb Price Performance
Airbnb stock opened at $147.05 on Friday. The stock has a market cap of $95.15 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a fifty day simple moving average of $161.68 and a 200-day simple moving average of $145.50. Airbnb has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.
Insider Transactions at Airbnb
In related news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the sale, the chief technology officer now owns 146,131 shares in the company, valued at $22,695,605.61. The disclosure for this sale can be found here. In the last three months, insiders sold 397,474 shares of company stock valued at $63,809,871. Insiders own 27.83% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on ABNB
About Airbnb
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.
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