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

Airbnb, Inc. (NASDAQ:ABNB) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 18,000,000 shares, a drop of 8.4% from the March 15th total of 19,640,000 shares. Based on an average daily trading volume, of 4,780,000 shares, the short-interest ratio is presently 3.8 days.

Analyst Ratings Changes

Several research firms have recently commented on ABNB. JPMorgan Chase & Co. raised their price objective on Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Benchmark began coverage on Airbnb in a research note on Thursday, April 11th. They issued a “buy” rating and a $190.00 price objective on the stock. Royal Bank of Canada raised their price objective on Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Piper Sandler raised their price objective on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company raised their price objective on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $147.58.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $133.39, for a total value of $5,335,600.00. Following the completion of the transaction, the insider now directly owns 553,762 shares in the company, valued at approximately $73,866,313.18. The disclosure for this sale can be found here. Insiders have sold 530,584 shares of company stock valued at $82,637,632 over the last ninety days. Insiders own 30.84% of the company’s stock.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of ABNB. Wellesley Asset Management bought a new stake in Airbnb during the 1st quarter valued at $121,000. CVA Family Office LLC bought a new stake in Airbnb during the 4th quarter valued at $26,000. West Tower Group LLC increased its holdings in shares of Airbnb by 747.8% in the 4th quarter. West Tower Group LLC now owns 195 shares of the company’s stock valued at $27,000 after acquiring an additional 172 shares during the period. Trust Co. of Vermont purchased a new position in shares of Airbnb in the 4th quarter valued at $27,000. Finally, Orion Capital Management LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of Airbnb stock opened at $155.60 on Tuesday. The stock has a market cap of $100.68 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50 day moving average price of $158.75 and a 200-day moving average price of $141.71. Airbnb has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Equities analysts expect that Airbnb will post 4.63 EPS for the current year.

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.