Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 13.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,526 shares of the company's stock after buying 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 institutional investors and hedge funds have also recently modified their holdings of the company. Farrow Financial Inc. raised its holdings in shares of Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company's stock valued at $1,087,000 after buying an additional 69 shares during the period. GYL Financial Synergies LLC boosted its position in Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company's stock valued at $241,000 after buying an additional 76 shares during the period. HB Wealth Management LLC grew its stake in shares of Airbnb by 1.6% in the second quarter. HB Wealth Management LLC now owns 4,938 shares of the company's stock worth $749,000 after acquiring an additional 76 shares in the last quarter. Optas LLC increased its position in shares of Airbnb by 4.5% during the second quarter. Optas LLC now owns 1,829 shares of the company's stock worth $277,000 after acquiring an additional 78 shares during the period. Finally, Sage Mountain Advisors LLC raised its stake in shares of Airbnb by 1.1% in the second quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company's stock valued at $1,113,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

Shares of Airbnb stock traded down $1.82 during trading on Friday, reaching $132.74. The company's stock had a trading volume of 2,517,507 shares, compared to its average volume of 4,504,796. The business has a 50 day moving average price of $130.62 and a 200-day moving average price of $136.94. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market capitalization of $85.17 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the firm posted $2.39 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.04 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares of the company's stock, valued at $23,579,141.36. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 417,806 shares of company stock valued at $51,809,831. Corporate insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Raymond James initiated coverage on Airbnb in a research note on Friday, September 27th. They set a "market perform" rating and a $134.00 target price for the company. The Goldman Sachs Group cut their target price on shares of Airbnb from $130.00 to $111.00 and set a "sell" rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Wednesday, August 7th. Truist Financial lowered their price target on shares of Airbnb from $134.00 to $124.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Finally, Jefferies Financial Group raised their price objective on shares of Airbnb from $120.00 to $135.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of "Hold" and a consensus price target of $139.31.

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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.