Market Analysts see Airbnb Inc. [ABNB] falling to $200. Time to buy?

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Airbnb Inc. [NASDAQ: ABNB] traded at a low on 04/27/22, posting a -0.53 loss after which it closed the day’ session at $152.23. The company report on April 19, 2022 that Airbnb to Announce First Quarter 2022 Results.

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Airbnb, Inc. (NASDAQ: ABNB) today announced that the company’s first quarter 2022 financial results will be released after market close on Tuesday, May 3, 2022. The company’s shareholder letter will be made available on the Airbnb Investor Relations website at https://investors.airbnb.com.

Airbnb will host an audio webcast to discuss its results at 2:30 p.m. PT / 5:30 p.m. ET the same day. The link to the webcast will be made available on the Investor Relations website at https://investors.airbnb.com.

The results of the trading session contributed to over 4727112 shares changing hands. Over the past one week, the price volatility of Airbnb Inc. stands at 5.47% while the volatility over the past one month is 4.35%.

The market cap for ABNB stock reached $103.17 billion, with 629.63 million shares outstanding and 293.26 million shares in the current float. Compared to the average trading volume of 5.77M shares, ABNB reached a trading volume of 4727112 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Airbnb Inc. [ABNB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ABNB shares is $198.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ABNB stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Airbnb Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 20, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on March 11, 2022, representing the official price target for Airbnb Inc. stock. Previously, the target price had yet another raise from $150 to $170, while Wolfe Research kept a Peer Perform rating on ABNB stock. On February 16, 2022, analysts increased their price target for ABNB shares from 162 to 178.

The Average True Range (ATR) for Airbnb Inc. is set at 7.52, with the Price to Sales ratio for ABNB stock in the period of the last 12 months amounting to 17.22. The Price to Book ratio for the last quarter was 20.08, with the Price to Cash per share for the same quarter was set at 12.28. Price to Free Cash Flow for ABNB in the course of the last twelve months was 47.67 with Quick ratio for the last quarter at 1.90.

How has ABNB stock performed recently?

Airbnb Inc. [ABNB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.49. With this latest performance, ABNB shares dropped by -9.20% in over the last four-week period, additionally sinking by -11.05% over the last 6 months – not to mention a drop of -15.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ABNB stock in for the last two-week period is set at 40.90, with the RSI for the last a single of trading hit 35.13, and the three-weeks RSI is set at 44.11 for Airbnb Inc. [ABNB]. The present Moving Average for the last 50 days of trading for this stock 161.29, while it was recorded at 155.53 for the last single week of trading, and 163.50 for the last 200 days.

Airbnb Inc. [ABNB]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Airbnb Inc. [ABNB] shares currently have an operating margin of +9.24 and a Gross Margin at +80.71. Airbnb Inc.’s Net Margin is presently recorded at -5.88.

Return on Equity for this stock declined to -9.17, with Return on Assets sitting at -2.91.

Airbnb Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

Insider trade positions for Airbnb Inc. [ABNB]

There are presently around $34,132 million, or 61.10% of ABNB stock, in the hands of institutional investors. The top three institutional holders of ABNB stocks are: FMR LLC with ownership of 22,952,328, which is approximately 16.969% of the company’s market cap and around 3.60% of the total institutional ownership; VANGUARD GROUP INC, holding 18,099,559 shares of the stock with an approximate value of $2.77 billion in ABNB stocks shares; and JENNISON ASSOCIATES LLC, currently with $2.2 billion in ABNB stock with ownership of nearly 3.096% of the company’s market capitalization.

Positions in Airbnb Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 652 institutional holders increased their position in Airbnb Inc. [NASDAQ:ABNB] by around 38,089,646 shares. Additionally, 332 investors decreased positions by around 18,106,710 shares, while 122 investors held positions by with 166,828,387 shares. The mentioned changes placed institutional holdings at 223,024,743 shares, according to the latest SEC report filing. ABNB stock had 223 new institutional investments in for a total of 5,952,915 shares, while 78 institutional investors sold positions of 5,919,098 shares during the same period.