BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Airbnb (NASDAQ:ABNB) Director Joseph Gebbia sold a total of 239,400 shares of Class A Common Stock on August 4, 2025, for approximately $30.6 million. The sales occurred in multiple transactions with prices ranging from $128.9369 to $130.2962. The company, currently valued at $80.2 billion with impressive gross profit margins of 83%, has shown strong financial performance with $4.4 billion in free cash flow over the last twelve months.
The transactions involved three separate sales. The first sale was for 15,408 shares, the second for 149,195 shares, and the third for 71,397 shares.
Following these transactions, Gebbia, through the Sycamore Trust, indirectly owns 236,015 shares. Gebbia also directly owns 2,860 shares.
The sales were executed under a Rule 10b5-1 trading plan adopted on February 26, 2025. For deeper insights into insider trading patterns and comprehensive analysis of Airbnb’s financial health, check out the detailed Pro Research Report available on InvestingPro, covering over 1,400 top US stocks.
In other recent news, Airbnb Inc . is set to release its second-quarter earnings report, with Bernstein maintaining an Outperform rating and a price target of $165.00. The firm anticipates a 6% growth in nights booked, slightly below the consensus estimate of 7%, citing the U.S. market’s limited impact as it accounts for only about 25% of Airbnb’s volume. Additionally, Cantor Fitzgerald has increased its price target for Airbnb to $130.00 from $100.00, while keeping an Underweight rating, expecting the company to report $22.5 billion in gross bookings for the second quarter of 2025. Bernstein also suggests that Airbnb could boost growth by forming strategic partnerships for services like transfers and car hire. Despite its premium valuation, Airbnb’s growth outlook remains favorable according to Bernstein, which reiterates its Outperform rating. These developments come amid Booking Holdings (NASDAQ:BKNG)’ expansion in tours and experiences, with its inventory growing by 28% over the past seven months.
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