Airbnb, Inc. (NASDAQ:ABNB) sees a significant increase in short-term interest

Airbnb, Inc. (NASDAQ:ABNB – Get Rating) saw significant growth in short-term interest during the month of May. As of May 31, there was short interest totaling 13,350,000 shares, a growth of 25.7% from the total of 10,620,000 shares as of May 15. Based on an average daily volume of 6,330,000 shares, the short interest rate is currently 2.1 days.

Several stock analysts have weighed in on ABNB shares. Barclays reduced its target price on Airbnb from $185.00 to $170.00 in a Wednesday May 4 research note. Susquehanna Bancshares lowered its price target on Airbnb from $235.00 to $190.00 in a Thursday May 5 research report. UBS Group raised its price target on Airbnb from $178.00 to $185.00 in a Wednesday May 4 report. Wolfe Research cut its price target on Airbnb from $130.00 to $110.00 and set a “peer performance” rating for the company in a report released Wednesday. Finally, Piper Sandler lowered her price target on Airbnb from $194.00 to $174.00 in a Wednesday, May 4 research note. One financial analyst has assigned the stock a sell rating, fifteen have assigned a hold rating and fifteen have assigned the stock a buy rating. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $192.55.

In other news, insider Joseph Gebbia sold 300,000 shares in a trade on Monday, March 21. The stock was sold at an average price of $161.71, for a total transaction of $48,513,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Additionally, director Jeffrey D. Jordan sold 12,000 shares in a trade on Wednesday, March 23. The stock was sold at an average price of $163.16, for a total value of $1,957,920.00. The disclosure of this sale can be found here. Insiders sold 979,934 shares of the company worth $142,275,850 in the past 90 days. Insiders of the company own 32.69% of the shares of the company.

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Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Hellman Jordan Management Co. Inc. MA bought a new position in Airbnb stock in the first quarter worth $879,000. American Trust increased its stake in Airbnb by 203.0% in the first quarter. American Trust now owns 11,281 shares of the company valued at $1,938,000 after buying an additional 7,558 shares last quarter. The Kentucky State Teachers’ Retirement System increased its holdings in Airbnb by 8.0% in the first quarter. The Kentucky State Teachers’ Retirement System now owns 42,867 shares of the company valued at $7,363,000 after buying 3,185 additional shares last quarter. Walleye Capital LLC increased its stake in Airbnb by 54.4% in the first quarter. Walleye Capital LLC now owns 33,131 shares of the company valued at $5,691,000 after purchasing an additional 11,676 shares last quarter. Finally, Garde Capital Inc. increased its stake in Airbnb by 16.7% in the first quarter. Garde Capital Inc. now owns 866 shares of the company valued at $149,000 after buying an additional 124 shares last quarter. Hedge funds and other institutional investors hold 34.66% of the company’s shares.

Shares of NASDAQ ABNB opened at $93.26 on Friday. The company’s 50-day moving average price is $132.51 and its 200-day moving average price is $152.38. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt ratio of 0.42. The stock has a market capitalization of $59.95 billion, a price-earnings ratio of 80.40 and a beta of 0.32. Airbnb has a 12-month minimum of $92.09 and a 12-month maximum of $212.58.

Airbnb (NASDAQ:ABNB – Get Rating) last released quarterly earnings data on Tuesday, May 3. The company reported ($0.03) earnings per share for the quarter, beating analyst consensus estimates of ($0.28) by $0.25. The company posted revenue of $1.51 billion for the quarter, compared to analysts’ estimates of $1.45 billion. Airbnb had a net margin of 12.12% and a return on equity of 18.51%. The company’s revenue for the quarter increased 70.1% year over year. During the same period of the previous year, the company posted an EPS of ($1.75). On average, stock analysts predict that Airbnb will post EPS of 1.89 for the current fiscal year.

Airbnb Company Profile (Get a rating)

Airbnb, Inc., together with its affiliates, operates a platform that enables hosts to provide stays and experiences to travelers around the world. The company’s marketplace model connects hosts and guests online or via mobile devices to book spaces and experiences. It mainly offers private rooms, main residences or vacation homes.

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