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

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

Airbnb Trading Down 0.5 %

NASDAQ:ABNB opened at $131.17 on Friday. The firm has a 50-day simple moving average of $133.69 and a 200-day simple moving average of $130.63. Airbnb has a one year low of $110.38 and a one year high of $170.10. The firm has a market cap of $83.16 billion, a P/E ratio of 46.02, a P/E/G ratio of 1.74 and a beta of 1.13. 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 posted its 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). The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the company earned $2.39 EPS. Equities analysts anticipate that Airbnb will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ABNB shares. Truist Financial reduced their price objective on shares of Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a research report on Wednesday, December 4th. Wedbush boosted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. DA Davidson raised 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. Jefferies Financial Group lifted their target price on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, Bank of America increased 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 given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $139.63.

Insider Activity at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company's stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares in the company, 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. In the last ninety days, insiders sold 1,372,293 shares of company stock worth $181,759,318. 27.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in Airbnb in the fourth quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter worth $26,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after buying an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

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.

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