Airbnb, Inc. (NASDAQ:ABNB) Sees Significant Drop in Short Interest

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

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the sale, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,372,293 shares of company stock worth $181,759,318. 27.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in Airbnb in the fourth quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new position in Airbnb in the third quarter worth $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth $26,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Airbnb in the third quarter worth $30,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.5 %

Shares of NASDAQ ABNB opened at $131.17 on Monday. The firm has a 50-day simple moving average of $133.69 and a two-hundred day simple moving average of $130.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market cap of $83.16 billion, a P/E ratio of 46.02, a PEG ratio of 1.74 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm posted $2.39 EPS. Research analysts anticipate that Airbnb will post 3.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ABNB shares. UBS Group upped their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Barclays upped their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Bank of America upped their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Jefferies Financial Group upped their target price 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. Finally, Susquehanna upped their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $139.63.

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.