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

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 14,360,000 shares, a decrease of 5.3% from the December 15th total of 15,160,000 shares. Based on an average trading volume of 4,440,000 shares, the days-to-cover ratio is presently 3.2 days.

Airbnb Stock Performance

Shares of ABNB traded up $2.96 during trading hours on Friday, hitting $135.12. The company's stock had a trading volume of 3,740,209 shares, compared to its average volume of 3,539,122. The business has a 50 day simple moving average of $134.16 and a two-hundred day simple moving average of $131.95. The company has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the business posted $2.39 EPS. On average, equities analysts expect that Airbnb will post 3.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares of the company's stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total value of $81,666.00. Following the completion of the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at approximately $26,247,996.84. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in 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 in the last quarter. Meritage Group LP purchased a new stake in shares of Airbnb in the third quarter worth $160,985,000. Edgewood Management LLC lifted its stake in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock worth $1,419,610,000 after buying an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd increased its stake in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company's stock worth $294,726,000 after buying an additional 1,109,076 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ABNB shares. Cantor Fitzgerald reiterated an "underweight" rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Benchmark reissued a "buy" rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Wells Fargo & Company dropped their target price on shares of Airbnb from $100.00 to $96.00 and set an "underweight" rating for the company in a research report on Thursday. Wedbush increased their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Bank of America lifted their price target on Airbnb from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $139.63.

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.