Airbnb, Inc. (NASDAQ:ABNB) Short Interest Up 7.6% in December

Airbnb, Inc. (NASDAQ:ABNB) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 15,160,000 shares, a growth of 7.6% from the November 30th total of 14,090,000 shares. Based on an average daily volume of 4,440,000 shares, the days-to-cover ratio is presently 3.4 days.

Airbnb Stock Performance

Shares of Airbnb stock opened at $131.41 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50 day moving average price is $135.47 and its 200 day moving average price is $133.50. The company has a market cap of $83.31 billion, a price-to-earnings ratio of 46.11, a PEG ratio of 1.93 and a beta of 1.13. Airbnb has a one year low of $110.38 and a one year high of $170.10.

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

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $128.42, for a total transaction of $802,625.00. Following the completion of the transaction, the chief financial officer now owns 530,822 shares in the company, valued at approximately $68,168,161.24. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 682,211 shares of company stock worth $90,971,896. 27.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management grew its position in 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 acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Airbnb during the third quarter worth $30,000. Meeder Asset Management Inc. lifted its stake in shares of Airbnb by 73.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after purchasing an additional 159 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Airbnb during the 3rd quarter worth $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ABNB shares. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Piper Sandler upped their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Benchmark reiterated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. Citigroup increased their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $139.48.

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.