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

Airbnb, Inc. (NASDAQ:ABNB) was the target of a significant growth in short interest in 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 days-to-cover ratio is currently 3.2 days.

Insider Buying and Selling at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of Airbnb 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 sale, the chief accounting officer now directly owns 40,581 shares in the company, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated 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 $23,501,280. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 787,926 shares of company stock valued at $101,440,343 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

Large investors have recently bought and sold shares of the stock. Brookstone Capital Management grew its holdings in shares of Airbnb by 14.8% during the second quarter. Brookstone Capital Management now owns 2,220 shares of the company’s stock valued at $329,000 after buying an additional 287 shares during the last quarter. Zhang Financial LLC increased its holdings in shares of Airbnb by 10.7% in the second quarter. Zhang Financial LLC now owns 3,234 shares of the company’s stock valued at $490,000 after purchasing an additional 313 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Airbnb by 55.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,030 shares of the company’s stock valued at $308,000 after purchasing an additional 726 shares during the period. Dakota Wealth Management raised its stake in shares of Airbnb by 23.4% in the second quarter. Dakota Wealth Management now owns 9,011 shares of the company’s stock worth $1,366,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of Airbnb by 11.7% during the second quarter. Pallas Capital Advisors LLC now owns 8,917 shares of the company’s stock worth $1,310,000 after purchasing an additional 931 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ABNB. Wedbush boosted their price objective on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Argus lowered Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. TD Cowen lifted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Phillip Securities reissued a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group lifted their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Six equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $138.94.

Airbnb Stock Down 4.7 %

Shares of NASDAQ ABNB opened at $130.95 on Monday. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The stock’s fifty day simple moving average is $135.91 and its two-hundred day simple moving average is $134.69. The stock has a market capitalization of $83.02 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the company earned $2.39 EPS. As a group, analysts expect that Airbnb will post 3.99 EPS for the current fiscal year.

About Airbnb

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.