2 weeks Ago By ABMN Staff
Airbnb, Inc. ( NASDAQ:ABNB – Get Free Report ) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 14,310,000 shares, a growth of 8.
1% from the August 31st total of 13,240,000 shares. Based on an average daily volume of 4,840,000 shares, the short-interest ratio is presently 3.0 days.
Wall Street Analysts Forecast Growth A number of research analysts recently commented on the company. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday.
Argus lowered Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Truist Financial decreased their price target on Airbnb from $134.00 to $124.
00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Barclays cut their price objective on shares of Airbnb from $110.00 to $100.
00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Morgan Stanley upped their target price on shares of Airbnb from $120.00 to $130.
00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.
com, Airbnb presently has an average rating of “Hold” and an average price target of $134.16. Check Out Our Latest Report on ABNB Insider Activity at Airbnb Institutional Inflows and Outflows Several institutional investors have recently made changes to their positions in the company.
Vanguard Group Inc. raised its stake in shares of Airbnb by 2.4% in the first quarter.
Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock worth $5,662,164,000 after purchasing an additional 791,149 shares during the last quarter. Jennison Associates LLC boosted its stake in Airbnb by 57.
9% during the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after buying an additional 3,899,179 shares during the last quarter. Price T Rowe Associates Inc.
MD lifted its position in Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc.
MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the last quarter. Legal & General Group Plc increased its stake in Airbnb by 4.7% during the second quarter.
Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its position in Airbnb by 1.6% during the first quarter.
Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company’s stock valued at $418,341,000 after acquiring an additional 39,129 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.
Airbnb Price Performance ABNB stock opened at $126.81 on Tuesday. The firm’s fifty day moving average is $123.
28 and its 200 day moving average is $142.99. The company has a debt-to-equity ratio of 0.
25, a quick ratio of 1.41 and a current ratio of 1.41.
Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10.
The firm has a market cap of $81.67 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.
72 and a beta of 1.16. Airbnb ( NASDAQ:ABNB – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 6th.
The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.
06). The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.
74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.
74%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis.
During the same quarter in the prior year, the firm earned $0.98 EPS. Research analysts predict that Airbnb will post 4.
39 earnings per share for the current year. About Airbnb ( Get Free Report ) 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. Read More Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter .
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