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

Airbnb, Inc. (NASDAQ:ABNB) was the target of a significant drop in short interest in the month of 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 short-interest ratio is currently 3.0 days.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now owns 537,072 shares in the company, valued at approximately $64,448,640. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 718,017 shares of company stock valued at $91,842,052 over the last 90 days. Company insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% in 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. New Millennium Group LLC purchased a new stake in Airbnb in the second quarter valued at approximately $28,000. Cultivar Capital Inc. bought a new stake in Airbnb during the second quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $30,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ABNB. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. UBS Group lifted their price target on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Susquehanna lifted their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. Finally, Piper Sandler increased their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.97.

Airbnb Price Performance

ABNB stock opened at $137.49 on Tuesday. The firm has a 50 day moving average of $134.15 and a 200-day moving average of $135.25. The firm has a market capitalization of $87.16 billion, a P/E ratio of 47.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. Airbnb has a 12 month low of $110.38 and a 12 month 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 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 firm had revenue of $3.73 billion during 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 company earned $2.39 earnings per share. As a group, sell-side analysts predict that Airbnb will post 4.02 earnings per share for the current fiscal 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.