Aristotle N. Balogh, the Chief Technology Officer of Airbnb, Inc. (NASDAQ:ABNB), recently sold 700 shares of the company’s Class A Common Stock. The transaction, which took place on January 7, 2025, was executed at a price of $135.35 per share, resulting in a total sale value of $94,745. The sale occurred as Airbnb, currently valued at $81.8 billion, maintains strong financial metrics with an impressive 83% gross profit margin. InvestingPro analysis shows the stock trading at elevated multiples across several metrics.
Following this transaction, Balogh holds 184,714 shares of Airbnb. The sale was conducted under a Rule 10b5-1 trading plan, which had been adopted on August 30, 2024. While the company maintains a strong balance sheet with more cash than debt, InvestingPro subscribers can access 12 additional key insights about Airbnb’s valuation and financial health through the comprehensive Pro Research Report.
In other recent news, Airbnb has been subjected to an investigation by Spain’s Consumer Rights Ministry due to its failure to remove unregulated rental listings. The company faces a potential penalty if found in violation of regulations. In parallel, the company’s financial performance has been under scrutiny by various analysts. Truist Securities lowered Airbnb’s price target slightly but maintained a Hold rating. The firm has revised its earnings projections for Airbnb, with a slight increase in the adjusted EBITDA forecast for 2024, but a decrease in the earnings per share estimate.
DA Davidson has increased Airbnb’s stock price target to $131 due to a strong 2025 forecast, while PhillipCapital downgraded the company’s stock to Reduce, citing valuation concerns. Despite the downgrade, PhillipCapital has slightly increased its revenue and adjusted profit estimates for 2024. Evercore ISI and Susquehanna have maintained their ratings on Airbnb, with Susquehanna raising its price target to $160.
In parallel, Booking Holdings (NASDAQ:BKNG) has reported that inflation is still affecting US travel plans, with American consumers delaying their vacation planning. Despite this, the company’s Chief Financial Officer, Ewout Steenbergen, remains optimistic about the future of the US travel market. These are the recent developments for both companies.
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