Investors Purchase Large Volume of Call Options on Airbnb (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNB) was the recipient of unusually large options trading on Friday. Stock traders purchased 44,298 call options on the company. This represents an increase of 26% compared to the average volume of 35,081 call options.

Airbnb Price Performance

ABNB stock opened at $131.18 on Friday. The stock has a market cap of $84.49 billion, a PE ratio of 17.56, a P/E/G ratio of 1.54 and a beta of 1.16. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a 50-day moving average price of $125.60 and a 200 day moving average price of $144.73. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) 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 analysts’ expectations of $2.74 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Airbnb will post 4.39 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ABNB shares. Piper Sandler cut their price objective on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Monday, August 26th. Royal Bank of Canada decreased their price objective on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Bank of America dropped their target price on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Robert W. Baird decreased their price target on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $134.17.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 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 transaction of $750,000.00. Following the completion of the sale, the chief financial officer now directly owns 537,072 shares in the company, valued at approximately $64,448,640. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the transaction, the chief financial officer now owns 537,072 shares in the company, valued at approximately $64,448,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Gebbia sold 5,442 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $150.00, for a total value of $816,300.00. Following the completion of the sale, the director now owns 42,087 shares of the company’s stock, valued at $6,313,050. The disclosure for this sale can be found here. Insiders have sold a total of 685,451 shares of company stock worth $95,552,289 in the last ninety days. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the business. CHURCHILL MANAGEMENT Corp purchased a new position in Airbnb during the 1st quarter worth $7,628,000. Rafferty Asset Management LLC grew its holdings in Airbnb by 18.4% during the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock worth $19,720,000 after acquiring an additional 22,551 shares in the last quarter. SteelPeak Wealth LLC increased its position in Airbnb by 17.2% during the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock valued at $1,107,000 after purchasing an additional 985 shares during the period. ProShare Advisors LLC raised its holdings in shares of Airbnb by 20.6% in the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after purchasing an additional 83,383 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its position in shares of Airbnb by 35.8% in the 4th quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock worth $19,503,000 after purchasing an additional 37,785 shares during the period. 80.76% of the stock is currently owned by 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.