Airbnb Inc. [ABNB] moved up 5.96: Why It’s Important

Airbnb Inc. [NASDAQ: ABNB] stock went on an upward path that rose over 5.96% on Friday, amounting to a one-week price increase of more than 14.47%. The company report on November 1, 2022 that Airbnb to Participate at Web Summit.

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Airbnb, Inc. (NASDAQ: ABNB) announced today that Co-Founder and Chief Strategy Office, Nathan Blecharczyk, will speak at the Web Summit Technology Conference held in Lisbon on Thursday, November 3, beginning at 16:40pm CET. A live webcast of the session will be available to the public at

About AirbnbAirbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to over 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe. Every day, Hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way.

Over the last 12 months, ABNB stock dropped by -18.43%. The one-year Airbnb Inc. stock forecast points to a potential upside of 6.84. The average equity rating for ABNB stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $69.28 billion, with 638.70 million shares outstanding and 383.24 million shares in the current float. Compared to the average trading volume of 6.20M shares, ABNB stock reached a trading volume of 9534062 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $124.45 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 2.60. 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.

Gordon Haskett have made an estimate for Airbnb Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 25, 2023. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $110 to $80. The new note on the price target was released on December 07, 2022, representing the official price target for Airbnb Inc. stock. Previously, the target price had yet another drop from $120 to $100, while Robert W. Baird kept a Neutral rating on ABNB stock.

The Average True Range (ATR) for Airbnb Inc. is set at 4.16, with the Price to Sales ratio for ABNB stock in the period of the last 12 months amounting to 8.63. The Price to Book ratio for the last quarter was 13.37, with the Price to Cash per share for the same quarter was set at 16.11. Price to Free Cash Flow for ABNB in the course of the last twelve months was 21.62 with Quick ratio for the last quarter at 1.90.

ABNB Stock Performance Analysis:

Airbnb Inc. [ABNB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.47. With this latest performance, ABNB shares gained by 38.87% in over the last four-week period, additionally plugging by 6.52% over the last 6 months – not to mention a drop of -18.43% 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 77.92, with the RSI for the last a single of trading hit 85.79, and the three-weeks RSI is set at 70.27 for Airbnb Inc. [ABNB]. The present Moving Average for the last 50 days of trading for this stock 95.10, while it was recorded at 107.83 for the last single week of trading, and 110.57 for the last 200 days.

Insight into Airbnb Inc. Fundamentals:

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


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ABNB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Airbnb Inc. go to 20.10%.

Airbnb Inc. [ABNB] Insider Position Details

There are presently around $29,153 million, or 64.30% of ABNB stock, in the hands of institutional investors. The top three institutional holders of ABNB stocks are: VANGUARD GROUP INC with ownership of 22,260,539, which is approximately 10.212% of the company’s market cap and around 3.20% of the total institutional ownership; FMR LLC, holding 18,929,538 shares of the stock with an approximate value of $2.19 billion in ABNB stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $2.13 billion in ABNB stock with ownership of nearly 9.953% of the company’s market capitalization.

Positions in Airbnb Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 462 institutional holders increased their position in Airbnb Inc. [NASDAQ:ABNB] by around 25,047,933 shares. Additionally, 448 investors decreased positions by around 29,350,060 shares, while 154 investors held positions by with 197,054,192 shares. The mentioned changes placed institutional holdings at 251,452,185 shares, according to the latest SEC report filing. ABNB stock had 110 new institutional investments in for a total of 3,521,279 shares, while 101 institutional investors sold positions of 3,190,459 shares during the same period.


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