Airbnb, Inc. (NASDAQ:ABNB) Short Interest Down 5.3% in January

Airbnb, Inc. (NASDAQ:ABNB) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 14,360,000 shares, a decrease of 5.3% from the December 31st total of 15,160,000 shares. Based on an average daily volume of 4,440,000 shares, the days-to-cover ratio is currently 3.2 days.

Airbnb Stock Down 1.1 %

Shares of Airbnb stock opened at $129.78 on Tuesday. The stock has a market capitalization of $82.28 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 1.72 and a beta of 1.13. The business’s 50 day simple moving average is $133.47 and its 200-day simple moving average is $130.39. 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 has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last released 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 return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm earned $2.39 earnings per share. Equities research analysts forecast that Airbnb will post 3.98 earnings per share for the current year.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the transaction, the director now owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. The trade was a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,372,293 shares of company stock valued at $181,759,318. 27.83% of the stock is owned by insiders.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Meritage Group LP acquired a new stake in shares of Airbnb during the 3rd quarter valued at about $160,985,000. Principal Financial Group Inc. grew its stake in shares of Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after buying an additional 1,185,892 shares in the last quarter. Edgewood Management LLC increased its holdings in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wedbush upped their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barclays increased their target price on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Morgan Stanley upped their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $139.63.

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.