Oppenheimer Asset Management Inc. Has $18.43 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Oppenheimer Asset Management Inc. lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,341 shares of the company's stock after selling 4,338 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Airbnb were worth $18,431,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MQS Management LLC increased its holdings in Airbnb by 26.3% in the third quarter. MQS Management LLC now owns 3,002 shares of the company's stock valued at $381,000 after purchasing an additional 626 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Airbnb by 40.7% in the third quarter. Victory Capital Management Inc. now owns 716,230 shares of the company's stock valued at $90,825,000 after purchasing an additional 207,062 shares during the last quarter. Aigen Investment Management LP increased its holdings in Airbnb by 104.0% in the third quarter. Aigen Investment Management LP now owns 20,205 shares of the company's stock valued at $2,562,000 after purchasing an additional 10,303 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Airbnb by 72.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,401 shares of the company's stock valued at $3,228,000 after purchasing an additional 10,648 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Airbnb in the third quarter valued at about $2,883,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ABNB shares. Raymond James started coverage on Airbnb in a report on Friday, September 27th. They issued a "market perform" rating and a $134.00 price objective for the company. Morgan Stanley boosted their target price on Airbnb from $120.00 to $130.00 and gave the company an "underweight" rating in a research note on Tuesday, July 23rd. Phillip Securities reissued a "reduce" rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday. The Goldman Sachs Group decreased their target price on Airbnb from $130.00 to $111.00 and set a "sell" rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company boosted their target price on Airbnb from $100.00 to $102.00 and gave the company an "underweight" rating in a research note on Tuesday, October 8th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $139.31.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm's 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 transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares of the company's stock, valued at approximately $23,579,141.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 417,806 shares of company stock worth $51,809,831. Company insiders own 27.83% of the company's stock.

Airbnb Stock Performance

NASDAQ:ABNB traded down $0.44 on Wednesday, hitting $132.76. The company's stock had a trading volume of 4,920,735 shares, compared to its average volume of 4,512,979. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $129.90 and a two-hundred day moving average of $136.99. The firm has a market capitalization of $85.18 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

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

About Airbnb

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.