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SAN FRANCISCO—Joseph Gebbia, a director and ten percent owner of Airbnb, Inc. (NASDAQ:ABNB), executed a series of stock sales on March 11, 2025, totaling approximately $27.2 million. The transactions involved the sale of Class A Common Stock at prices ranging from $123.8364 to $130.15 per share. The sales come as Airbnb maintains robust financials with an impressive 83% gross profit margin and holds more cash than debt on its balance sheet, according to InvestingPro data.
The sales were conducted under a Rule 10b5-1 trading plan adopted on August 20, 2024, and involved multiple transactions. Following these sales, Gebbia holds 214,290 shares indirectly through the Sycamore Trust. The transactions were part of a planned divestment strategy and were executed in compliance with regulatory requirements. With six analysts recently revising earnings estimates upward and the stock currently showing undervaluation potential based on InvestingPro Fair Value analysis, investors may find this insider activity particularly noteworthy.
These sales are noteworthy for investors tracking insider activity at Airbnb, as they provide insight into the trading activities of key stakeholders within the company. For comprehensive analysis of Airbnb’s financial health, valuation metrics, and additional insights, access the full Pro Research Report available on InvestingPro.
In other recent news, Airbnb Inc . has been the focus of multiple analyst updates and financial assessments. Airbnb’s fourth-quarter results exceeded expectations, with key metrics like nights booked and revenue showing significant growth. DA Davidson maintained a Neutral rating on the stock but increased its price target from $131.00 to $170.00, recognizing the company’s strong performance and promising guidance for the upcoming period. Similarly, Susquehanna raised its price target for Airbnb shares from $160.00 to $200.00, maintaining a Positive rating due to robust travel demand and product improvements, despite slightly conservative forward guidance.
Jefferies upgraded Airbnb’s stock rating from Hold to Buy, boosting the price target from $165 to $185, citing the company’s potential to gain a larger share of the lodging market. They also highlighted Airbnb’s experiences offering as a unique advantage. Meanwhile, Bernstein reiterated an Outperform rating with a $185 target, noting Airbnb’s growth potential in the short-term rental industry despite recent market share losses. The firm emphasized the company’s strategic investments and expansion into new ventures as key growth drivers.
These developments come amid a broader downturn in travel stocks, driven by revised profit forecasts from major airlines like Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL), which have raised concerns over consumer spending and the travel industry’s outlook. Investors are closely monitoring these updates for their potential impact on Airbnb and other travel-related stocks.
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