Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Brian Chesky, CEO and Chairman of Airbnb, Inc. (NASDAQ:ABNB), recently sold shares of the company’s Class A Common Stock valued at approximately $4.63 million. The transactions, executed on April 1, 2025, were part of a pre-established Rule 10b5-1 trading plan adopted in August 2024. Chesky sold a total of 38,459 shares at prices ranging from $120.00 to $121.35 per share. The sale comes as Airbnb’s stock has declined about 9% in the past week, now trading near its 52-week low of $110.38.
Following these sales, Chesky retains direct ownership of 11,731,685 shares. Additionally, he holds indirect ownership of 48,800 shares through a 2019 Trust and 114,354 shares via a 2016 Legacy Trust B. Despite recent market pressure, InvestingPro analysis shows Airbnb maintains robust financial health with an impressive 83% gross profit margin and more cash than debt on its balance sheet. According to InvestingPro’s Fair Value model, the stock currently appears undervalued.
In other recent news, Airbnb Inc . has reported strong financial results for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $2.5 billion. The company’s Gross Booking (NASDAQ:BKNG) Value also saw a 13% rise, reaching $17.6 billion, driven by a 12% increase in Nights and Experiences Booked. Airbnb’s growth was notably strong in Latin America and the Asia Pacific regions, where demand is highest. In terms of analyst ratings, Tigress Financial Partners has raised its 12-month price target for Airbnb to $200 while maintaining a Buy rating, citing favorable travel trends and strategic initiatives. Meanwhile, Mizuho (NYSE:MFG) Securities and Bernstein both reiterated an Outperform rating, with a price target of $185, highlighting Airbnb’s growth potential and strategic investments. TD Cowen also maintained a Buy rating with a $175 price target, focusing on the potential of Airbnb’s "Hotel Tonight" rewards program to boost growth. Despite recent market share losses in the short-term rental market, analysts remain confident in Airbnb’s ability to innovate and capture future growth opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.