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Brian Chesky, CEO and Chairman of Airbnb, Inc. (NASDAQ:ABNB), recently sold a significant portion of his Class A Common Stock holdings. According to a filing with the Securities and Exchange Commission, Chesky sold a total of 35,461 shares on February 3, 2025. The transactions were executed at prices ranging from $127.87 to $130.42 per share, amounting to a total of approximately $4.99 million. The sales come as Airbnb, currently valued at $80.86 billion, maintains impressive gross profit margins of 83% and strong liquidity metrics according to InvestingPro data.
Following these sales, Chesky retains direct ownership of 12,421,986 shares. These sales were conducted under a pre-established Rule 10b5-1 trading plan, which Chesky adopted on August 22, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks, helping to avoid any potential accusations of insider trading. With the company’s next earnings report due on February 13, InvestingPro subscribers can access 12 key investment tips and a comprehensive Pro Research Report, offering deeper insights into Airbnb’s valuation and financial health.
In other recent news, Airbnb has been in the spotlight due to various developments. Cantor Fitzgerald maintained an Underweight rating on Airbnb’s stock with a revised price target of $117.00, citing the company’s significant investments in new market expansion. Meanwhile, Spain has launched an investigation into Airbnb over unregulated rental offers, putting additional pressure on the home-sharing platform.
On a different note, Truist Securities adjusted its price target for Airbnb, bringing it down to $123 while keeping a Hold rating on the stock. This revision follows updated earnings projections for the company for the upcoming years. Additionally, DA Davidson set a new price target for Airbnb at $131.00, up from the previous $125.00, reflecting a broader re-rating in the large cap technology sector and a slight increase in the firm’s financial projections for Airbnb.
These recent developments highlight the evolving market conditions and analyst sentiment towards Airbnb. As the company navigates through these challenges and opportunities, investors will be closely watching the company’s upcoming earnings report and any updates on its market expansion strategies.
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