Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Joseph Gebbia, a director and significant shareholder of Airbnb Inc . (NASDAQ:ABNB), recently sold a substantial amount of the company's Class A common stock. According to a recent SEC filing, Gebbia disposed of shares worth approximately $23.3 million on April 8, 2025. The transaction comes as Airbnb maintains strong financial health, with InvestingPro data showing the company holds more cash than debt and boasts an impressive 83% gross profit margin. With a market capitalization of $70.7 billion, current analysis suggests the stock is trading below its Fair Value.
The sales took place at prices ranging from $104.54 to $112.38 per share, executed under a Rule 10b5-1 trading plan adopted in August 2024. Following these transactions, Gebbia holds 2,350,879 shares indirectly through the Sycamore Trust, with an additional 2,509 shares held directly.
These transactions are part of Gebbia's ongoing stock management strategy, as outlined in the trading plan.
In other recent news, Airbnb Inc. reported strong financial results for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $2.5 billion and Gross Booking (NASDAQ:BKNG) Value rising 13% to $17.6 billion. This growth was driven by an increase in night stays and a slight rise in Average Daily Rate. Tigress Financial Partners responded by raising Airbnb's 12-month price target to $200 while maintaining a Buy rating, citing the company's strategic initiatives and partnerships as positive factors. Meanwhile, Mizuho (NYSE:MFG) Securities reiterated an Outperform rating with a $185 price target, pointing to Airbnb's promising growth trajectory and operational efficiency.
Bernstein also maintained an Outperform rating with a $185 target, highlighting Airbnb's upcoming FY25 Summer release event as a potential catalyst for new revenue streams. TD Cowen echoed a positive sentiment, retaining a Buy rating and a $175 price target, emphasizing the potential impact of the new 10% rewards offer from Airbnb's Hotel Tonight brand. Citizens JMP, however, kept a Market Perform rating, noting the company's international presence as a buffer against domestic market challenges. These developments reflect a mix of cautious optimism and strong confidence among analysts about Airbnb's future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.