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SAN FRANCISCO—Aristotle N. Balogh, Chief Technology Officer of Airbnb, Inc. (NASDAQ:ABNB), recently sold shares worth approximately $1.8 million, according to a recent SEC filing. The sale, executed on February 14, involved 11,488 shares of Class A common stock at a price of $158 per share, amid a strong 14% surge in the stock price over the past week. According to InvestingPro analysis, the stock’s RSI indicates overbought territory, with the company currently trading at a P/E ratio of 37.6x. This transaction was conducted under a Rule 10b5-1 trading plan adopted on August 30, 2024.
Additionally, Balogh exercised stock options on the same day, acquiring 11,488 shares at a price of $122.41 per share. This option exercise, valued at approximately $1.4 million, was part of a vesting schedule that began in March 2023.
Following these transactions, Balogh holds 181,214 shares of Airbnb stock.
In other recent news, Airbnb Inc . has reported strong fourth-quarter results, surpassing expectations with significant growth in key metrics such as nights booked, gross bookings, revenue, and adjusted EBITDA. The company anticipates continued positive momentum into the first quarter of 2025, projecting revenue growth between 10% and 12%, excluding certain effects. Following these results, several financial firms have adjusted their price targets and ratings for Airbnb. DA Davidson raised its price target to $170 while maintaining a Neutral rating, citing Airbnb’s improved growth profile but expressing valuation concerns. Susquehanna increased its target to $200 and maintained a Positive rating, confident in Airbnb’s market position despite a conservative forward-looking guidance. Benchmark analysts also raised their target to $178 with a Buy rating, noting Airbnb’s strategic shift towards partnerships and new ventures. Meanwhile, Bernstein lifted its target to $185, maintaining an Outperform rating, highlighting Airbnb’s expansion plans into new product offerings and potential growth areas. These developments reflect a broad confidence in Airbnb’s strategic direction and growth potential, despite varying degrees of caution among analysts.
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