Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 14,090,000 shares, a growth of 5.6% from the November 15th total of 13,340,000 shares. Based on an average daily volume of 4,430,000 shares, the short-interest ratio is currently 3.2 days.
Airbnb Trading Up 1.0 %
Shares of ABNB stock traded up $1.25 on Monday, hitting $132.20. 4,135,825 shares of the stock traded hands, compared to its average volume of 4,517,989. The firm's 50-day moving average price is $135.91 and its two-hundred day moving average price is $134.69. The stock has a market capitalization of $83.81 billion, a PE ratio of 45.95, a PEG ratio of 1.93 and a beta of 1.13. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. As a group, analysts anticipate that Airbnb will post 3.99 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ABNB. Mizuho decreased their price objective on Airbnb from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, September 13th. Truist Financial reduced their target price on shares of Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a report on Wednesday, December 4th. Robert W. Baird lifted their price target on Airbnb from $120.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. DA Davidson upped their price objective on Airbnb from $125.00 to $131.00 and gave the company a "neutral" rating in a research report on Monday, November 18th. Finally, Bank of America reiterated a "hold" rating and issued a $142.00 target price (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $138.94.
Get Our Latest Report on ABNB
Insiders Place Their Bets
In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, the chief technology officer now owns 195,844 shares in the company, valued at approximately $23,501,280. This represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb 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 $750,000.00. Following the sale, the chief financial officer now directly owns 537,072 shares in the company, valued at $64,448,640. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 787,926 shares of company stock valued at $101,440,343. Insiders own 27.83% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in ABNB. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management raised its stake in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. New Millennium Group LLC purchased a new position in Airbnb in the second quarter valued at $28,000. Cultivar Capital Inc. purchased a new position in Airbnb in the second quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 80.76% of the company's stock.
About Airbnb
(
Get Free Report)
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.
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