Oppenheimer Asset Management Inc. Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

Oppenheimer Asset Management Inc. raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,312 shares of the company’s stock after purchasing an additional 3,971 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Airbnb were worth $19,621,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the fourth quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the third quarter worth $30,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $144.03 on Thursday. The company has a fifty day simple moving average of $136.22 and a 200 day simple moving average of $131.58. The firm has a market cap of $90.82 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 fiscal year.

Insider Activity at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 40,581 shares in the company, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,876,329 shares of company stock valued at $265,258,279. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on ABNB shares. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Wells Fargo & Company reduced their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $146.48.

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.