Airbnb, Inc. (NASDAQ:ABNB) Short Interest Down 9.7% in November

Airbnb, Inc. (NASDAQ:ABNB) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 13,340,000 shares, a drop of 9.7% from the October 31st total of 14,780,000 shares. Based on an average daily volume of 4,390,000 shares, the days-to-cover ratio is currently 3.0 days.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 718,017 shares of company stock valued at $91,842,052 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Farrow Financial Inc. lifted its stake in shares of Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares in the last quarter. GYL Financial Synergies LLC lifted its position in Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares in the last quarter. HB Wealth Management LLC lifted its position in Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after acquiring an additional 76 shares in the last quarter. Optas LLC lifted its position in Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after acquiring an additional 78 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 1.6 %

Airbnb stock opened at $136.11 on Friday. The stock has a market cap of $86.29 billion, a PE ratio of 47.76, a P/E/G ratio of 1.96 and a beta of 1.15. The stock has a 50-day moving average price of $134.15 and a 200 day moving average price of $135.32. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the business posted $2.39 EPS. Equities research analysts predict that Airbnb will post 4.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. B. Riley cut their target price on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Phillip Securities reissued a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. TD Cowen boosted their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $138.97.

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.