Oppenheimer & Co. Inc. Decreases Position in Airbnb, Inc. (NASDAQ:ABNB)

Oppenheimer & Co. Inc. lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,589 shares of the company’s stock after selling 3,937 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Airbnb were worth $4,020,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ABNB. Golden State Wealth Management LLC purchased a new stake in Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in Airbnb in the 3rd quarter valued at about $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in Airbnb during the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Piper Sandler lifted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. TD Cowen raised their price target on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Citigroup boosted their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $146.48.

Airbnb Price Performance

Shares of Airbnb stock opened at $138.87 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a fifty day moving average of $136.52 and a 200-day moving average of $131.91. The stock has a market capitalization of $87.56 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,117,468 shares of company stock worth $299,565,586 in the last ninety days. 27.83% of the stock is owned by company insiders.

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.