Stock Traders Purchase Large Volume of Put Options on Airbnb (NASDAQ:ABNB)

Airbnb, Inc. (NASDAQ:ABNB) was the target of some unusual options trading on Wednesday. Traders acquired 43,662 put options on the company. This is an increase of approximately 73% compared to the average daily volume of 25,191 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Phillip Securities upgraded Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. BNP Paribas assumed coverage on Airbnb in a research note on Monday. They issued a “hold” rating on the stock. DA Davidson set a $155.00 price target on Airbnb in a research report on Friday, November 14th. JPMorgan Chase & Co. boosted their price objective on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.31.

Airbnb Stock Down 1.5%

NASDAQ ABNB opened at $116.74 on Thursday. The company has a 50-day simple moving average of $122.21 and a two-hundred day simple moving average of $128.27. Airbnb has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market cap of $71.86 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.09 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the business earned $2.13 earnings per share. Airbnb’s revenue was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. Equities analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joseph Gebbia sold 232,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $114.22, for a total transaction of $26,499,040.00. Following the sale, the director owned 15 shares of the company’s stock, valued at approximately $1,713.30. This represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $130.00, for a total transaction of $975,000.00. Following the completion of the sale, the chief financial officer owned 436,570 shares in the company, valued at $56,754,100. This represents a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,676,514 shares of company stock worth $204,832,922 over the last ninety days. Company insiders own 27.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ABNB. AE Wealth Management LLC grew its holdings in Airbnb by 44.3% in the 1st quarter. AE Wealth Management LLC now owns 2,333 shares of the company’s stock worth $279,000 after acquiring an additional 716 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Airbnb by 14.9% during the first quarter. Avantax Advisory Services Inc. now owns 26,288 shares of the company’s stock worth $3,140,000 after purchasing an additional 3,407 shares during the period. HB Wealth Management LLC grew its stake in shares of Airbnb by 43.5% in the first quarter. HB Wealth Management LLC now owns 8,543 shares of the company’s stock worth $1,021,000 after purchasing an additional 2,588 shares during the last quarter. Empirical Finance LLC increased its holdings in Airbnb by 11.8% during the 1st quarter. Empirical Finance LLC now owns 3,119 shares of the company’s stock valued at $373,000 after purchasing an additional 328 shares during the period. Finally, LPL Financial LLC raised its position in Airbnb by 12.2% during the 1st quarter. LPL Financial LLC now owns 300,118 shares of the company’s stock valued at $35,435,000 after purchasing an additional 32,601 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.