Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,559 shares of the company's stock after purchasing an additional 19,247 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Airbnb were worth $20,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ABNB. Norges Bank purchased a new position in shares of Airbnb in the 4th quarter valued at approximately $433,374,000. Clearbridge Investments LLC grew its stake in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after purchasing an additional 2,577,000 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Airbnb by 119.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock valued at $179,991,000 after purchasing an additional 820,887 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Airbnb by 52.1% in the 4th quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock valued at $310,896,000 after purchasing an additional 809,964 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup decreased their price target on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Royal Bank Of Canada decreased their price target on Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Canaccord Genuity Group decreased their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lifted their price target on Airbnb from $100.00 to $104.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. Finally, B. Riley decreased their price target on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of "Hold" and an average target price of $141.23.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $110.74, for a total transaction of $77,518.00. Following the completion of the sale, the chief technology officer now directly owns 223,522 shares in the company, valued at $24,752,826.28. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $139.40, for a total value of $32,898,400.00. Following the completion of the transaction, the director now owns 1,180,015 shares in the company, valued at approximately $164,494,091. This trade represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,410,087 shares of company stock worth $175,773,584. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Up 1.2%

Shares of NASDAQ ABNB traded up $1.62 during trading on Tuesday, reaching $132.15. The company had a trading volume of 5,042,695 shares, compared to its average volume of 5,028,618. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock has a market capitalization of $82.78 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14. The stock has a 50-day moving average price of $128.80 and a two-hundred day moving average price of $130.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

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.