On Wednesday, Airbnb, Inc. (NASDAQ: ABNB) was the focus of a particular occurrence in the options trading market. Investors purchased a total of 130,947 put options relating to the stock. This constitutes a 125% increase compared to the daily average of 58,195 put options that were traded.
Several different research analysts have produced recent studies on the stock. Morgan Stanley increased their price target on Airbnb shares from $105.00 to $110.00 and granted the company an “equal weight” rating in a research report published on Wednesday, November 2nd. KeyCorp lowered their price objective on Airbnb from $145.00 to $140.00 and granted the company an “overweight” rating in a research report published on Wednesday, November 2nd. UBS Group lowered their target price on Airbnb shares from $120.00 to $112.00 and assigned the company a “neutral” rating in a research note published on Wednesday, November 2nd. Goldman Sachs Group lowered their target price on Airbnb shares from $100.00 to $98.00 and assigned the firm a “sell” rating in a research report published on Wednesday, November 2nd.
Last but not least, Argus began reporting on Airbnb on July 26th, a Tuesday. They recommended that investors “hold on” to the shares. There is one research expert who recommends selling the stock, eighteen who recommend holding it, and thirteen who recommend purchasing it. According to Bloomberg, the stock is currently pegged at a price target of $141.70 and has an average recommendation of “Hold.”
The share price of Airbnb started the trading day on Wednesday at $95.28. The business has a market capitalization of $61.21 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-to-growth ratio of 1.83, and a beta value of 0.99. The lowest price that Airbnb has been in the past year is $86.71, and its highest price has been $191.73. The ratio of debt to equity is 0.36, the ratio of quick to current assets is 1.85, and the ratio of current assets to total assets is also 1.85. The company’s simple moving average for the past 50 days is $109.09, and its simple moving average over the past 200 days is $109.84.
In other news, director Belinda J. Johnson sold 1,000 shares of Airbnb stock on Thursday, November 17th. This transaction took place. At an average price of $101.83, the shares brought in a total of $101,830.00 when sold. As a direct result of the transaction, the director is now the owner of 5,920 shares in the firm. The current market value of these shares is $602,833.60. You can learn more about the transaction by following the link in the previous sentence, which takes you to a document submitted to the Securities and Exchange Commission. In related developments, Chief Technology Officer Aristotle N. Balogh disposed of 2,500 of the company’s shares of stock on Monday, October 3rd. The shares were sold for an average price of $105.49 each, resulting in a total sale price of $263,725.00. As a result of the transaction, the chief technology officer now owns 238.481 shares of the company, valued at $25.157.360.69. The transaction was made public through a filing with the Securities and Exchange Commission, which may be viewed on the official website of the SEC. In addition, Director Belinda J. Johnson sold 1,000 shares of the company’s stock on November 17th, a Thursday. At an average price of $101.83, the shares fetched a total of $101,830.00 when sold. As a result of the transaction, the director now owns 5,920 shares of the company’s stock, valued at $602,833.60. The disclosure for this sale can be found at this location. Insiders of the company sold 828,337 shares of company stock with a value of $93,790,105 over the past ninety days. The company’s management and employees own 32.69% of the company’s total shares.
Recently, large institutional investors made some adjustments to their stock holdings. During the first three months of 2018, Davenport & Co. LLC increased its ownership of Airbnb shares by 24.6%. Following the acquisition of 706 additional shares during the preceding quarter, DAVENPORT & Co LLC now has 3,574 shares of the company’s stock, valued at $614,000. Metis Global Partners LLC shelled out around $299,000 over the year’s first three months to fill a new post at Airbnb. Mount Yale Investment Advisors LLC bought an additional 151.9% of Airbnb shares over the year’s first three months. As a result of the acquisition of an additional 2,477 shares during the period, Mount Yale Investment Advisors LLC now owns 4,108 shares of the company’s stock. The current market value of these shares is $706,000. During the first three months of 2018, ABRDN plc raised its holdings in Airbnb shares by 15.6%. After making an additional 942 purchases during the preceding quarter, Aberdeen plc now possesses 6,966 shares valued at $1,196. Finally, during the first three months of 2018, Envestnet Asset Management Inc. raised the percentage of Airbnb shares it owned by 27.4%. Envestnet Asset Management Inc. now owns 366,742 shares of the company’s stock after purchasing an additional 78,928 shares. The value of their current company stock holdings is $62,992,000. Hedge funds and other institutional investors own the stock to 39.45%.
The platform that Airbnb, Inc. and its subsidiaries administer enables hosts worldwide to provide visitors with places to stay and experiences. Through its marketplace business concept, the company brings hosts and guests to facilitate booking rooms and activities either online or via mobile devices. Private rooms, primary residences, and vacation residences are the primary types of accommodations it offers.