Airbnb, Inc. (NASDAQ:ABNB) Sees Significant Growth in Short Interest

Airbnb, Inc. (NASDAQ:ABNB) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 14,780,000 shares, a growth of 7.3% from the October 15th total of 13,770,000 shares. Based on an average trading volume of 4,260,000 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

ABNB has been the topic of a number of research reports. Raymond James assumed coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. Bank of America reissued a “hold” rating and issued a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Mizuho reduced their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Finally, Susquehanna upped their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $139.42.

Airbnb Price Performance

NASDAQ ABNB opened at $132.50 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $84.00 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The firm’s 50-day simple moving average is $130.99 and its two-hundred day simple moving average is $136.44.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the firm earned $2.39 EPS. Research analysts predict that Airbnb will post 4.04 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This trade represents a 72.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock worth $51,809,831 over the last ninety days. 27.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of large investors have recently made changes to their positions in ABNB. Avantax Advisory Services Inc. grew its stake in Airbnb by 19.9% during the first quarter. Avantax Advisory Services Inc. now owns 4,416 shares of the company’s stock valued at $728,000 after acquiring an additional 732 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Airbnb by 30.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,959 shares of the company’s stock worth $323,000 after purchasing an additional 454 shares during the period. Banco Santander S.A. raised its position in shares of Airbnb by 19.8% in the first quarter. Banco Santander S.A. now owns 2,017 shares of the company’s stock worth $333,000 after buying an additional 333 shares in the last quarter. First Foundation Advisors purchased a new stake in shares of Airbnb in the first quarter worth $151,000. Finally, Allstate Corp bought a new stake in Airbnb during the first quarter valued at $225,000. 80.76% of the stock is owned by institutional investors.

Airbnb Company Profile

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.