Oppenheimer & Co. Inc. Has $4.38 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Oppenheimer & Co. Inc. raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 13.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,526 shares of the company’s stock after purchasing an additional 4,052 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Airbnb were worth $4,378,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Airbnb in the first quarter valued at about $25,000. New Millennium Group LLC acquired a new position in shares of Airbnb during the second quarter worth approximately $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Airbnb during the first quarter valued at approximately $33,000. Cultivar Capital Inc. acquired a new stake in shares of Airbnb in the second quarter valued at approximately $30,000. Finally, Northwest Investment Counselors LLC bought a new position in Airbnb in the 3rd quarter worth approximately $25,000. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief financial officer now owns 537,072 shares in the company, valued at approximately $64,448,640. This trade represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the sale, the chief technology officer now owns 192,244 shares in the company, valued at $26,016,380.52. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock valued at $51,809,831 in the last 90 days. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Up 1.4 %

Airbnb stock opened at $134.56 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a fifty day simple moving average of $130.25 and a 200 day simple moving average of $136.96. The company has a market cap of $86.34 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $2.39 EPS. Research analysts anticipate that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ABNB. Deutsche Bank Aktiengesellschaft dropped their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Truist Financial cut their target price on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. B. Riley lowered 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. Sanford C. Bernstein reduced their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Finally, Benchmark reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.31.

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.