Airbnb Sees Unusually High Options Volume (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) was the recipient of unusually large options trading on Friday. Investors bought 44,298 call options on the company. This represents an increase of approximately 26% compared to the average volume of 35,081 call options.

Airbnb Trading Up 1.8 %

Shares of ABNB traded up $2.37 during mid-day trading on Friday, hitting $131.12. The company had a trading volume of 4,743,683 shares, compared to its average volume of 4,547,205. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The business's 50-day simple moving average is $126.26 and its 200-day simple moving average is $145.03. The stock has a market cap of $84.45 billion, a PE ratio of 17.24, a P/E/G ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same period last year, the firm posted $0.98 EPS. Airbnb's revenue was up 10.6% on a year-over-year basis. Sell-side analysts forecast that Airbnb will post 4.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ABNB. Sanford C. Bernstein dropped their price target on shares of Airbnb from $174.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday. Susquehanna lowered their target price on Airbnb from $180.00 to $130.00 and set a "positive" rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Airbnb from $143.00 to $90.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Argus cut Airbnb from a "buy" rating to a "hold" rating in a research note on Wednesday, September 4th. Finally, Truist Financial cut their target price on shares of Airbnb from $134.00 to $124.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and an average target price of $134.17.

Insider Buying and Selling

In related news, CAO David C. Bernstein sold 1,000 shares of the company's stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $145.88, for a total value of $145,880.00. Following the completion of the sale, the chief accounting officer now owns 44,043 shares of the company's stock, valued at $6,424,992.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $145.88, for a total transaction of $145,880.00. Following the sale, the chief accounting officer now owns 44,043 shares of the company's stock, valued at approximately $6,424,992.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the transaction, the chief technology officer now owns 208,174 shares of the company's stock, valued at $31,833,968.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 685,451 shares of company stock worth $95,552,289. 27.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Airbnb by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 694,090 shares of the company's stock worth $94,497,000 after purchasing an additional 48,348 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in Airbnb by 40.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,684 shares of the company's stock worth $502,000 after buying an additional 1,059 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Airbnb by 45.0% in the 4th quarter. Quadrant Capital Group LLC now owns 912 shares of the company's stock valued at $124,000 after buying an additional 283 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Airbnb by 103.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 78,413 shares of the company's stock valued at $10,675,000 after acquiring an additional 39,924 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of Airbnb by 27.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,011 shares of the company's stock worth $274,000 after acquiring an additional 431 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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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