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Aristotle N. Balogh, the Chief Technology Officer of Airbnb, Inc. (NASDAQ:ABNB), has recently sold a portion of his holdings in the company. The company, currently valued at $83 billion, maintains strong financial health with an impressive 83% gross profit margin and more cash than debt on its balance sheet, according to InvestingPro data. According to a filing with the Securities and Exchange Commission, Balogh sold 700 shares of Class A Common Stock on February 4, 2025, at a price of $129.58 per share, amounting to a total transaction value of $90,706. This sale was conducted under a Rule 10b5-1 trading plan, which Balogh adopted on August 30, 2024. Following this transaction, Balogh holds 181,914 shares directly. With Airbnb’s upcoming earnings report scheduled for February 13, investors can access comprehensive analysis and 12 additional key insights through InvestingPro’s detailed research reports.
In other recent news, Raymond (NSE:RYMD) James reaffirmed a Strong Buy rating on Uber Technologies Inc . (NYSE:UBER), maintaining a price target of $95. The analyst highlighted Uber’s strategic investments in areas like suburban markets, shared rides, and the Uber One membership program, expecting these to drive long-term value. On the other hand, Airbnb Inc . received an Underweight rating from Cantor Fitzgerald, with a slightly reduced price target of $117. The firm noted Airbnb’s significant investments in new market expansion but also pointed out its shares have lagged behind its online travel agency peers.
In addition, Spain has launched an investigation into Airbnb over its failure to remove thousands of rental listings. The probe is part of a broader crackdown against vacation rentals facilitated by platforms like Airbnb and Booking.com. Meanwhile, Booking Holdings (NASDAQ:BKNG) Inc. observed a shift in travel patterns due to inflation, with American consumers delaying their vacation planning. The company’s CFO highlighted a divide in the US market, where luxury travel continues to thrive, but inflation has more noticeably impacted lower-income groups.
Lastly, Truist Securities adjusted its price target for Airbnb, bringing it down to $123 from the previous $124, while keeping a Hold rating on the stock. The revision follows updated earnings projections for the company for the upcoming years. These developments underscore the evolving landscape for these companies in the face of various market dynamics.
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