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

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ABNB. Tri Ri Asset Management Corp acquired a new stake in Airbnb during the 3rd quarter valued at $6,352,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Airbnb in the third quarter worth $648,000. Virtu Financial LLC acquired a new stake in shares of Airbnb during the third quarter valued at $609,000. Advisory Resource Group increased its position in Airbnb by 25.7% during the 3rd quarter. Advisory Resource Group now owns 10,434 shares of the company’s stock worth $1,323,000 after purchasing an additional 2,131 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Airbnb by 22.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 9,123 shares of the company’s stock valued at $1,157,000 after purchasing an additional 1,648 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of ABNB stock opened at $136.11 on Monday. The stock has a fifty day moving average price of $134.15 and a 200 day moving average price of $135.25. 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 stock has a market cap of $86.29 billion, a PE ratio of 47.76, a P/E/G ratio of 1.93 and a beta of 1.15. 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 the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the firm earned $2.39 EPS. Sell-side analysts forecast that Airbnb will post 4.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on ABNB shares. Truist Financial reduced their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. DA Davidson raised their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Susquehanna upped their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. Phillip Securities restated a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $138.97.

About Airbnb

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.