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

Airbnb, Inc. (NASDAQ:ABNB) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 14,310,000 shares, a growth of 8.1% from the August 31st total of 13,240,000 shares. Based on an average trading volume of 4,840,000 shares, the short-interest ratio is currently 3.0 days.

Airbnb Price Performance

ABNB stock opened at $125.47 on Wednesday. The firm has a 50-day moving average of $122.82 and a two-hundred day moving average of $142.74. The firm has a market capitalization of $80.81 billion, a PE ratio of 16.80, a P/E/G ratio of 1.72 and a beta of 1.16. 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 has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that Airbnb will post 4.39 earnings per share for the current year.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $151.95, for a total transaction of $17,532,750.75. Following the completion of the sale, the chief executive officer now owns 13,914,302 shares of the company’s stock, valued at $2,114,278,188.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares in the company, valued at $31,833,968.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $151.95, for a total value of $17,532,750.75. Following the completion of the sale, the chief executive officer now owns 13,914,302 shares in the company, valued at approximately $2,114,278,188.90. The disclosure for this sale can be found here. Insiders sold a total of 552,389 shares of company stock worth $75,733,256 in the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the first quarter valued at about $25,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the 2nd quarter worth approximately $28,000. Trust Co. of Vermont acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $27,000. Westend Capital Management LLC acquired a new stake in shares of Airbnb during the 1st quarter worth approximately $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the first quarter valued at approximately $33,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on ABNB shares. Sanford C. Bernstein reduced their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Barclays reduced their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Wedbush reduced their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, BMO Capital Markets lowered their target price on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.16.

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.