Airbnb, Inc. (NASDAQ:ABNB) Short Interest Update

Airbnb, Inc. (NASDAQ:ABNB) was the target of a large decrease in short interest during the month of 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.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent research reports. Wedbush lifted their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup lifted their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Bank of America raised their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Raymond James started coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $139.63.

Airbnb Stock Up 2.2 %

Shares of NASDAQ ABNB opened at $135.12 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average price of $134.16 and a 200-day moving average price of $131.95. The stock has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (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 analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the firm posted $2.39 EPS. On average, equities research analysts forecast that Airbnb will post 3.99 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the transaction, the director now directly owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. This represents a 16.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock valued at $150,523,585 in the last quarter. Insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several large investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 3rd quarter worth $25,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Airbnb in the 3rd quarter worth about $30,000. Quarry LP purchased a new stake in Airbnb in the 3rd quarter valued at about $55,000. Finally, CVA Family Office LLC increased its stake in Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after buying an additional 269 shares during the last quarter. 80.76% of the stock is currently 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.