Airbnb, Inc. (NASDAQ:ABNB) Short Interest Down 7.7% in April

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 15,390,000 shares, a decrease of 7.7% from the April 15th total of 16,670,000 shares. Based on an average daily trading volume, of 4,740,000 shares, the days-to-cover ratio is presently 3.2 days.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total value of $97,200.00. Following the transaction, the chief technology officer now directly owns 219,904 shares in the company, valued at $35,624,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $162.00, for a total transaction of $97,200.00. Following the completion of the transaction, the chief technology officer now directly owns 219,904 shares in the company, valued at approximately $35,624,448. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dave Stephenson sold 7,838 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the sale, the chief financial officer now owns 85,802 shares in the company, valued at approximately $12,525,375.96. The disclosure for this sale can be found here. Insiders have sold 397,474 shares of company stock valued at $63,809,871 in the last ninety days. 27.83% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Vanguard Group Inc. boosted its holdings in shares of Airbnb by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company's stock valued at $5,662,164,000 after acquiring an additional 791,149 shares during the last quarter. Edgewood Management LLC boosted its holdings in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company's stock valued at $1,690,556,000 after purchasing an additional 2,135,529 shares during the last quarter. Jennison Associates LLC boosted its holdings in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company's stock valued at $1,753,860,000 after purchasing an additional 3,899,179 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company's stock worth $958,279,000 after purchasing an additional 3,558,178 shares during the period. Finally, Norges Bank purchased a new position in shares of Airbnb during the 4th quarter valued at about $619,584,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Trading Down 0.6 %

Shares of NASDAQ:ABNB traded down $0.90 on Wednesday, hitting $145.80. 5,994,249 shares of the company's stock were exchanged, compared to its average volume of 4,616,309. The stock has a market capitalization of $94.34 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. Airbnb has a 12 month low of $103.74 and a 12 month high of $170.10. The business's 50 day simple moving average is $160.41 and its two-hundred day simple moving average is $146.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the prior year, the business earned $0.18 EPS. The firm's quarterly revenue was up 17.8% on a year-over-year basis. Analysts anticipate that Airbnb will post 4.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on ABNB. Wells Fargo & Company boosted their price objective on Airbnb from $107.00 to $127.00 and gave the company an "underweight" rating in a research report on Monday, April 1st. Truist Financial increased their price objective on shares of Airbnb from $118.00 to $131.00 and gave the company a "hold" rating in a report on Thursday, March 14th. B. Riley initiated coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a "neutral" rating and a $150.00 target price on the stock. Piper Sandler Companies raised their target price on shares of Airbnb from $145.00 to $155.00 and gave the company a "neutral" rating in a research note on Thursday, May 9th. Finally, Citigroup decreased their price target on shares of Airbnb from $170.00 to $167.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Airbnb presently has an average rating of "Hold" and an average price target of $152.13.

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.