Airbnb, Inc. (NASDAQ:ABNB) Short Interest Up 5.6% in November

Airbnb, Inc. (NASDAQ:ABNB) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 14,090,000 shares, an increase of 5.6% from the November 15th total of 13,340,000 shares. Based on an average trading volume of 4,430,000 shares, the short-interest ratio is currently 3.2 days.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the transaction, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,307 shares of company stock valued at $72,926,063. Company insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter worth approximately $25,000. Hollencrest Capital Management lifted its position in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. New Millennium Group LLC bought a new stake in shares of Airbnb during the 2nd quarter valued at $28,000. Cultivar Capital Inc. acquired a new stake in shares of Airbnb during the 2nd quarter worth $30,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the third quarter worth $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ABNB shares. Mizuho reduced their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. UBS Group boosted their target price on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna raised their price target 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. Jefferies Financial Group lifted their price objective on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Benchmark restated a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $138.94.

Airbnb Stock Performance

NASDAQ:ABNB opened at $132.20 on Tuesday. The stock has a 50 day simple moving average of $135.95 and a 200 day simple moving average of $134.59. The stock has a market cap of $83.81 billion, a P/E ratio of 46.39, a PEG ratio of 1.93 and a beta of 1.13. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. 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 announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $2.39 EPS. Research analysts anticipate that Airbnb will post 3.99 earnings per share for the current 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.