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

Oppenheimer & Co. Inc. decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 8.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,097 shares of the company’s stock after selling 2,360 shares during the period. Oppenheimer & Co. Inc.’s holdings in Airbnb were worth $3,553,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. CVA Family Office LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $27,000. Bfsg LLC purchased a new position in shares of Airbnb in the 4th quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Airbnb during the fourth quarter valued at approximately $30,000. Finally, Venturi Wealth Management LLC boosted its stake in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total transaction of $16,855,440.80. Following the transaction, the chief executive officer now directly owns 14,260,457 shares in the company, valued at approximately $2,083,167,558.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Airbnb news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total value of $16,855,440.80. Following the completion of the sale, the chief executive officer now directly owns 14,260,457 shares of the company’s stock, valued at approximately $2,083,167,558.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,237 shares of company stock worth $35,744,352. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

NASDAQ:ABNB opened at $146.66 on Friday. The stock has a 50 day moving average of $153.75 and a two-hundred day moving average of $149.19. Airbnb, Inc. has a 12 month low of $113.24 and a 12 month high of $170.10. The firm has a market cap of $94.45 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts expect that Airbnb, Inc. will post 4.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the subject of several analyst reports. Truist Financial increased their price objective on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Wells Fargo & Company lifted their target price on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Thursday, May 9th. Tigress Financial raised their price target on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Mizuho raised shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $152.38.

View Our Latest Analysis on Airbnb

Airbnb Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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