Airbnb, Inc. (NASDAQ:ABNB) Short Interest Down 5.3% in December

Airbnb, Inc. (NASDAQ:ABNB) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 14,360,000 shares, a decrease of 5.3% from the December 15th total of 15,160,000 shares. Based on an average daily volume of 4,440,000 shares, the short-interest ratio is presently 3.2 days.

Analysts Set New Price Targets

Several brokerages have issued reports on ABNB. Barclays raised their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. TD Cowen upped their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Finally, Wells Fargo & Company decreased their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $139.63.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,382 shares of company stock worth $150,441,919 in the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of the company. Verde Capital Management grew its position in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Airbnb by 162.3% during the fourth quarter. Avior Wealth Management LLC now owns 2,707 shares of the company’s stock valued at $356,000 after buying an additional 1,675 shares during the last quarter. Traynor Capital Management Inc. increased its position in shares of Airbnb by 45.7% during the fourth quarter. Traynor Capital Management Inc. now owns 15,955 shares of the company’s stock worth $2,097,000 after acquiring an additional 5,004 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Airbnb by 25.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,964 shares of the company’s stock worth $6,697,000 after acquiring an additional 10,347 shares in the last quarter. Finally, Park Place Capital Corp acquired a new stake in shares of Airbnb in the 4th quarter worth about $77,000. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Up 2.2 %

ABNB opened at $135.12 on Tuesday. The firm has a market capitalization of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The company’s 50 day moving average price is $134.16 and its two-hundred day moving average price is $131.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the firm posted $2.39 earnings per share. As a group, research analysts predict that Airbnb will post 3.99 earnings per share for the current year.

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.