Airbnb, Inc. (NASDAQ:ABNB – Get Rating) was the target of unusually large options trading on Thursday. Investors purchased 177,340 put options on the stock. This represents an increase of 188% compared to the average daily volume of 61,669 put options.
Analyst Ratings Changes
Several equities analysts have commented on ABNB shares. Robert W. Baird downgraded shares of Airbnb from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $120.00 to $100.00 in a research report on Tuesday, November 22nd. Susquehanna Bancshares lowered their target price on shares of Airbnb from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Wednesday, November 2nd. The Goldman Sachs Group lowered their target price on shares of Airbnb from $100.00 to $98.00 and set a “sell” rating on the stock in a research report on Wednesday, November 2nd. Credit Suisse Group lowered their price target on Airbnb from $165.00 to $154.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 2nd. Finally, Sanford C. Bernstein began coverage on Airbnb in a research report on Tuesday, October 4th. They issued an “outperform” rating and a $143.00 price target on the stock. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.79.
Airbnb Stock Down 1.7 %
Shares of ABNB opened at $91.50 on Thursday. The stock has a market cap of $58.78 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 1.84 and a beta of 0.92. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. Airbnb has a 12 month low of $86.71 and a 12 month high of $191.73. The company has a 50-day moving average price of $105.03 and a two-hundred day moving average price of $108.18.
Insider Buying and Selling
In related news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $96.97, for a total transaction of $48,485.00. Following the completion of the sale, the chief technology officer now directly owns 220,296 shares in the company, valued at $21,362,103.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $96.97, for a total transaction of $48,485.00. Following the completion of the sale, the chief technology officer now directly owns 220,296 shares in the company, valued at $21,362,103.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 2,500 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $125.29, for a total transaction of $313,225.00. Following the transaction, the chief technology officer now directly owns 240,981 shares in the company, valued at $30,192,509.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 833,241 shares of company stock worth $93,845,333. Corporate insiders own 32.69% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Centaurus Financial Inc. raised its stake in shares of Airbnb by 8.7% in the third quarter. Centaurus Financial Inc. now owns 2,794 shares of the company’s stock valued at $293,000 after acquiring an additional 224 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Airbnb by 105.4% in the third quarter. IHT Wealth Management LLC now owns 15,453 shares of the company’s stock valued at $1,623,000 after acquiring an additional 7,929 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Airbnb by 8.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 18,274 shares of the company’s stock valued at $1,920,000 after acquiring an additional 1,353 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Airbnb in the third quarter valued at approximately $4,658,000. Finally, Seaport Global Advisors LLC raised its stake in shares of Airbnb by 69.2% in the third quarter. Seaport Global Advisors LLC now owns 2,250 shares of the company’s stock valued at $236,000 after acquiring an additional 920 shares during the last quarter. Institutional investors own 39.45% of the company’s stock.
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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.