Airbnb (NASDAQ:ABNB) Sees Large Volume Increase

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) saw strong trading volume on Thursday . 3,201,216 shares traded hands during trading, a decline of 29% from the previous session's volume of 4,516,907 shares.The stock last traded at $131.18 and had previously closed at $122.42.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Benchmark reaffirmed a "buy" rating and set a $155.00 price objective on shares of Airbnb in a research note on Monday, August 26th. Mizuho dropped their price target on Airbnb from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, September 13th. UBS Group cut their price objective on Airbnb from $160.00 to $134.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Cantor Fitzgerald started coverage on Airbnb in a report on Thursday, September 5th. They set an "underweight" rating and a $94.00 target price on the stock. Finally, Barclays cut their price target on Airbnb from $110.00 to $100.00 and set an "underweight" rating for the company in a report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $134.17.

Airbnb Trading Up 5.2 %

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 stock has a market capitalization of $82.92 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a fifty day simple moving average of $126.26 and a two-hundred day simple moving average of $145.03.

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

Insider Activity

In related news, CEO Brian Chesky sold 230,769 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $1,597,909,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. 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 business's stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total value of $89,382.00. Following the completion of the sale, the chief technology officer now owns 209,374 shares in the company, valued at approximately $31,190,444.78. The disclosure for this sale can be found here. Insiders sold 686,951 shares of company stock worth $95,777,289 over the last quarter. 27.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC bought a new stake in Airbnb during the 1st quarter worth about $25,000. Trust Co. of Vermont bought a new stake in Airbnb during the fourth quarter worth about $27,000. New Millennium Group LLC acquired a new position in Airbnb during the second quarter valued at approximately $28,000. Vima LLC bought a new position in Airbnb in the fourth quarter valued at approximately $29,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb in the second quarter valued at approximately $30,000. Institutional investors and hedge funds 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.