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Sunday, December 3, 2023

It’s Not Over Yet For Airbnb Inc (NASDAQ: ABNB)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Airbnb Inc (ABNB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.10, or -0.08%, to $119.05. The Airbnb Inc has recorded 54,513 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Airbnb Announces Third Quarter 2023 Results.

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Stocks Info

Airbnb Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Travel Services industry. At the end of the last regular session, the stock closed at $119.15 and fluctuated between $119.86 as its day high and $117.40 as its day low. The current market capitalization of Airbnb Inc is $76.17B. A total of 3.41 million shares were traded on the day, compared to an average of 6.79M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ABNB has seen 3 BUY and 58 SELL insider trades, representing the acquisition of 69,575 and the disposition of 1,150,351 shares. Over the last 12 months, there were 33 BUYs and 241 SELLs from insiders. Insiders purchased 518,533 shares during that period but sold 10,792,630.

In the most recent transaction, Blecharczyk Nathan sold 22,555 shares of ABNB for 118.52 per share on Nov 08. After the transaction, the Chief Strategy Officer now owns 940,060 company shares. In a previous transaction on Nov 06, Chesky Brian sold 30,000 shares at 118.59 per share. ABNB shares that CEO and Chairman owns now total 16,638,931.

Among the insiders who sold shares, Blecharczyk Nathan disposed of 13,623 shares on Nov 03 at a per-share price of $122.18. This resulted in the Chief Strategy Officer holding 962,615 shares of ABNB after the transaction. In another insider transaction, JORDAN JEFFREY D sold 2,000 shares at $122.53 per share on Nov 02. Company shares held by the Director now total 193,646.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ABNB in the last 3 months, the mean price target is $133.65 with high estimates of $175.00 and low estimates of $75.00. In terms of 52-week highs and lows, ABNB has a high of $154.95 and a low of $81.91.

As of this writing, ABNB has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.45. The company reported an EPS of $0.98 in the last quarter, which was 25.60% higher than expectations of $0.78.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ABNB’s latest balance sheet shows that the firm has $8.32B in Cash & Short Term Investments as of fiscal 2021. There were $2.42B in debt and $6.36B in liabilities at the time. Its Book Value Per Share was $14.28, while its Total Shareholder’s Equity was $4.78B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABNB is Buy with a score of 3.59.

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