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Airbnb Inc . (NASDAQ:ABNB) CEO and Chairman Brian Chesky recently sold a significant portion of his Class A Common Stock, according to a filing with the Securities and Exchange Commission. The transactions, executed on March 17, 2025, involved the sale of 38,461 shares at prices ranging from $124.00 to $127.4949 per share. The total value of these sales amounted to approximately $4.87 million. The sale comes as Airbnb, currently valued at $78.25 billion, maintains a GOOD financial health score according to InvestingPro analysis.
Following these transactions, Chesky’s direct ownership of Airbnb stock stands at 11,770,144 shares. Additionally, he holds indirect ownership of 48,800 shares through a 2019 Trust and 114,354 shares through a 2016 Legacy Trust B. The stock has faced headwinds, declining 22% over the past year, though analysts maintain price targets ranging from $95 to $200 per share. InvestingPro subscribers can access 12 additional key insights about ABNB’s valuation and growth prospects.
The sales were conducted under a Rule 10b5-1 trading plan, which Chesky adopted on August 22, 2024. This allows company insiders to set up a predetermined plan to sell stocks, thereby avoiding potential accusations of insider trading. The company maintains strong fundamentals with an impressive 83% gross profit margin and holds more cash than debt on its balance sheet.
In other recent news, Airbnb Inc. reported strong financial results for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $2.5 billion. This growth was driven by a 13% rise in Gross Booking (NASDAQ:BKNG) Value to $17.6 billion, alongside a 12% increase in Nights and Experiences Booked. Analysts have taken note of these developments, with Tigress Financial Partners raising Airbnb’s price target to $200 and maintaining a Buy rating, citing the company’s strategic initiatives and robust performance. Jefferies also upgraded Airbnb’s stock rating to Buy, increasing the price target to $185, due to the company’s potential in the lodging market and its experiences offering. Meanwhile, Bernstein reiterated an Outperform rating with a $185 target, emphasizing Airbnb’s growth potential despite recent market share challenges. DA Davidson raised its price target to $170 while maintaining a Neutral rating, reflecting Airbnb’s strong fourth-quarter performance and positive guidance for 2025. The company’s ongoing investments, including AI integration and new business ventures, are expected to further enhance its position in the travel industry. Despite recent turbulence in travel stocks due to airline profit forecast cuts, analysts remain optimistic about Airbnb’s long-term prospects.
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