Airbnb Target of Unusually High Options Trading (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNB) saw unusually large options trading activity on Friday. Investors acquired 44,298 call options on the stock. This is an increase of 26% compared to the average daily volume of 35,081 call options.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $145.88, for a total transaction of $145,880.00. Following the transaction, the chief accounting officer now owns 44,043 shares of the company’s stock, valued at $6,424,992.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $148.68, for a total value of $17,155,441.80. Following the completion of the transaction, the chief executive officer now directly owns 14,029,687 shares of the company’s stock, valued at approximately $2,085,933,863.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following the sale, the chief accounting officer now owns 44,043 shares in the company, valued at approximately $6,424,992.84. The disclosure for this sale can be found here. Insiders sold a total of 685,451 shares of company stock valued at $95,552,289 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ABNB. Dimensional Fund Advisors LP grew its holdings in Airbnb by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 694,090 shares of the company’s stock valued at $94,497,000 after purchasing an additional 48,348 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Airbnb by 40.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,684 shares of the company’s stock worth $502,000 after buying an additional 1,059 shares during the period. Quadrant Capital Group LLC grew its stake in Airbnb by 45.0% in the 4th quarter. Quadrant Capital Group LLC now owns 912 shares of the company’s stock valued at $124,000 after buying an additional 283 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Airbnb by 103.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 78,413 shares of the company’s stock valued at $10,675,000 after buying an additional 39,924 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in Airbnb by 27.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,011 shares of the company’s stock worth $274,000 after acquiring an additional 431 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 1.8 %

Airbnb stock traded up $2.37 during mid-day trading on Friday, hitting $131.12. The company’s stock had a trading volume of 4,743,683 shares, compared to its average volume of 4,547,205. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The firm’s 50 day moving average is $126.26 and its 200 day moving average is $145.03. The company has a market cap of $84.45 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts anticipate that Airbnb will post 4.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ABNB. UBS Group reduced their price objective on Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Mizuho lowered their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Susquehanna dropped their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a report on Wednesday, August 7th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research report on Monday, August 26th. Five 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $134.17.

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.