Short Interest in Airbnb, Inc. (NASDAQ:ABNB) Increases By 7.3%

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 14,780,000 shares, an increase of 7.3% from the October 15th total of 13,770,000 shares. Based on an average trading volume of 4,260,000 shares, the days-to-cover ratio is presently 3.5 days.

Airbnb Trading Down 1.5 %

Shares of ABNB stock traded down $2.06 on Friday, reaching $132.50. The company had a trading volume of 4,798,719 shares, compared to its average volume of 5,057,547. The company has a 50-day moving average of $130.99 and a 200-day moving average of $136.58. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market cap of $84.00 billion, a PE ratio of 46.49, a PEG ratio of 1.87 and a beta of 1.15. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business earned $2.39 earnings per share. On average, equities analysts forecast that Airbnb will post 4.04 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial decreased their target price on shares of Airbnb from $134.00 to $124.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Morgan Stanley increased their price objective on Airbnb from $120.00 to $130.00 and gave the stock an "underweight" rating in a report on Tuesday, July 23rd. Phillip Securities restated a "reduce" rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Robert W. Baird raised their price target on Airbnb from $120.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group boosted their price target on Airbnb from $120.00 to $135.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $139.31.

Insider Activity

In related news, CEO Brian Chesky sold 230,769 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares of the company's stock, valued at $23,579,141.36. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company's stock worth $958,279,000 after buying an additional 3,558,178 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company's stock valued at $256,784,000 after purchasing an additional 1,684,646 shares during the period. Farallon Capital Management LLC bought a new stake in shares of Airbnb in the first quarter valued at approximately $265,292,000. Finally, Meritage Group LP acquired a new stake in shares of Airbnb during the 3rd quarter worth $160,985,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.