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

Airbnb, Inc. (NASDAQ:ABNB) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 14,780,000 shares, an increase of 7.3% from the October 15th total of 13,770,000 shares. Based on an average daily trading volume, of 4,260,000 shares, the days-to-cover ratio is currently 3.5 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ABNB shares. Benchmark reiterated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. UBS Group raised their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Robert W. Baird raised their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $138.97.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $132.19 on Tuesday. The firm has a market cap of $83.80 billion, a PE ratio of 46.38, a PEG ratio of 1.87 and a beta of 1.15. The firm has a fifty day moving average of $131.30 and a 200 day moving average of $136.26. 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 has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $2.39 EPS. As a group, research analysts predict that Airbnb will post 4.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This represents a 41.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the sale, the chief technology officer now owns 195,844 shares in the company, valued at $23,501,280. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,206 shares of company stock worth $51,738,467 over the last quarter. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the 1st quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the 3rd quarter valued at about $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in Airbnb in the second quarter valued at about $28,000. Finally, Cultivar Capital Inc. acquired a new position in Airbnb in the second quarter valued at about $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.