Airbnb, Inc. (NASDAQ:ABNB) Position Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,526 shares of the company’s stock after buying an additional 4,052 shares during the period. Oppenheimer & Co. Inc.’s holdings in Airbnb were worth $4,378,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Airbnb by 2.4% during the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after buying an additional 791,149 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Airbnb by 158.1% in 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. Legal & General Group Plc grew its position in Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after purchasing an additional 153,784 shares in the last quarter. Clearbridge Investments LLC raised its stake in Airbnb by 0.6% during the 1st quarter. Clearbridge Investments LLC now owns 2,001,711 shares of the company’s stock valued at $330,202,000 after purchasing an additional 12,200 shares during the period. Finally, Farallon Capital Management LLC lifted its holdings in shares of Airbnb by 5.8% in the second quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company’s stock valued at $257,923,000 after purchasing an additional 92,780 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent analyst reports. Mizuho dropped their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. B. Riley reduced their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. UBS Group boosted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Sanford C. Bernstein lowered their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $139.31.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at $2,083,378.56. This represents a 72.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 417,806 shares of company stock valued at $51,809,831. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 1.4 %

Shares of ABNB opened at $134.56 on Friday. The stock’s 50-day moving average price is $130.25 and its 200 day moving average price is $136.96. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $86.34 billion, a price-to-earnings ratio of 47.21, a P/E/G ratio of 1.88 and a beta of 1.15. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $2.39 earnings per share. As a group, research analysts predict that Airbnb, Inc. will post 4.04 earnings per share for the current year.

Airbnb 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.