Airbnb Sees Unusually Large Options Volume (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNBGet Rating) saw unusually large options trading activity on Tuesday. Stock investors acquired 59,117 call options on the company. This is an increase of 22% compared to the average volume of 48,311 call options.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ABNB. Jefferies Financial Group reiterated a “buy” rating and issued a $160.00 price objective on shares of Airbnb in a report on Tuesday, July 12th. KeyCorp dropped their price objective on Airbnb from $195.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on Airbnb from $155.00 to $120.00 and set a “maintains” rating on the stock in a research report on Monday. Argus began coverage on Airbnb in a research report on Tuesday, July 26th. They issued a “hold” rating on the stock. Finally, Piper Sandler lowered their price objective on Airbnb from $194.00 to $174.00 in a research report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $173.03.

Insider Buying and Selling

In related news, Director Belinda J. Johnson sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $152.19, for a total value of $3,043,800.00. Following the sale, the director now directly owns 19,327 shares in the company, valued at approximately $2,941,376.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Airbnb news, insider Joseph Gebbia sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $100.28, for a total value of $25,070,000.00. Following the completion of the sale, the insider now owns 3,438,742 shares of the company’s stock, valued at $344,837,047.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Belinda J. Johnson sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $152.19, for a total value of $3,043,800.00. Following the sale, the director now directly owns 19,327 shares of the company’s stock, valued at approximately $2,941,376.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 616,434 shares of company stock valued at $62,540,295. 32.69% of the stock is owned by insiders.

Institutional Trading of Airbnb

Several large investors have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Airbnb in the 4th quarter valued at about $25,000. City State Bank acquired a new stake in Airbnb during the fourth quarter worth about $25,000. Core Wealth Advisors Inc. acquired a new stake in Airbnb during the fourth quarter worth about $26,000. Elequin Capital LP acquired a new stake in Airbnb during the first quarter worth about $27,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $28,000. 34.66% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $116.34 on Wednesday. Airbnb has a 12 month low of $86.71 and a 12 month high of $212.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50 day simple moving average is $104.66 and its 200-day simple moving average is $136.37. The firm has a market capitalization of $74.79 billion, a price-to-earnings ratio of 100.29, a price-to-earnings-growth ratio of 3.14 and a beta of 1.22.

Airbnb (NASDAQ:ABNBGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.25. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. Airbnb’s revenue was up 70.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.75) EPS. As a group, equities analysts forecast that Airbnb will post 1.9 earnings per share for the current fiscal year.

Airbnb Company Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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