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SAN FRANCISCO—Nathan Blecharczyk, the Chief Strategy Officer and co-founder of Airbnb, Inc. (NASDAQ:ABNB), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Blecharczyk sold 183,078 shares of Airbnb’s Class A common stock on February 14, 2025. The shares were sold at a price of $158 each, amounting to a total transaction value of approximately $28.9 million. The sale comes as Airbnb, now valued at $98 billion, trades near its 52-week high of $170.10, with InvestingPro data indicating the stock is currently overvalued.
This sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on May 31, 2024. Such plans allow company insiders to set up a predetermined schedule for selling stocks, helping to avoid any potential accusations of insider trading. The timing is notable as the stock has shown strong momentum, posting a 14% gain in the past week alone.
In addition to the sale, Blecharczyk exercised stock options to acquire 183,078 shares at a price of $40.18 per share, totaling approximately $7.4 million. Following these transactions, Blecharczyk’s direct ownership stands at 164,850 shares, with an additional 8,681 shares held indirectly by a trust.
These transactions are part of routine financial planning and portfolio diversification for company executives, offering insights into the financial strategies of key figures at Airbnb.
In other recent news, Airbnb Inc . has reported strong fourth-quarter results that exceeded expectations, with significant growth in nights booked, gross bookings, revenue, and adjusted EBITDA. The company anticipates continued growth in the first quarter of 2025, projecting an 8.5% increase in nights booked and revenue growth between 10% and 12% when adjusted for calendar effects and foreign exchange. Analysts have responded positively, with Susquehanna raising its price target to $200 and maintaining a Positive rating, citing robust travel demand and product improvements. DA Davidson also increased its price target to $170, maintaining a Neutral rating due to valuation concerns. Benchmark adjusted its price target to $178 with a Buy rating, noting Airbnb’s strategic shift towards partnerships and potential advertising ventures. Additionally, Bernstein raised its target to $185, maintaining an Outperform rating, as Airbnb plans to expand into new business areas like "living" and "experiences" with the aid of AI technology. These developments reflect Airbnb’s strong market position and promising outlook for future growth.
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