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Airbnb, Inc. (NASDAQ:ABNB), the $84.5 billion hospitality platform known for its impressive 83% gross profit margins, saw Director Joseph Gebbia, through the Sycamore Trust, sell a total of 235,790 shares of Class A Common Stock on July 7, 2025, for approximately $32.2 million. The sales were executed in multiple transactions with prices ranging from $135.16 to $137.65 per share, near the stock’s 52-week high of $163.93.
The transactions included three separate sales. The first sale involved 48,332 shares at a weighted average price of $135.7653, the second sale consisted of 171,859 shares at a weighted average price of $136.5127, and the third sale involved 15,809 shares at a weighted average price of $137.166. According to InvestingPro, which offers comprehensive analysis through its Pro Research Reports, Airbnb currently trades at a P/E ratio of 34x.
Following these transactions, Gebbia, through the Sycamore Trust, still indirectly owns 708,015 shares of Airbnb Class A Common Stock. Gebbia also directly owns 2,860 shares.
The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2025.
In other recent news, Airbnb Inc . is facing legal challenges as it has been named a defendant in a lawsuit regarding its proxy statement. The Heritage Foundation and American Conservative Values ETF allege that Airbnb excluded certain shareholder proposals from its 2025 proxy statement. In response, Airbnb stated there is no record of receiving these proposals and expressed willingness to engage with shareholders for future meetings. Meanwhile, Truist Securities downgraded Airbnb’s stock rating from Hold to Sell and adjusted its price target to $106.00, citing valuation concerns and slightly revised earnings projections.
In contrast, Bernstein SocGen Group maintained an outperform rating on Airbnb, emphasizing its growth outlook and higher free cash flow conversion. The firm justified Airbnb’s valuation premium by highlighting its expected mid-term revenue growth rates. Additionally, BTIG kept a Neutral rating on Airbnb, noting a slowdown in performance indicators compared to peers like Booking Holdings (NASDAQ:BKNG) and Expedia (NASDAQ:EXPE) Group. The analyst pointed out that Airbnb’s site traffic and U.S. receipt data have shown a decline. Despite these trends, Airbnb’s recent relaunch of its Experiences offering suggests a strategic focus on the activities segment of the travel market.
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