Airbnb Inc .'s (NASDAQ:ABNB) CEO and Chairman, Brian Chesky, recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Chesky sold a total of 190,301 shares of Class A Common Stock on February 12, 2025. The transactions were executed at prices ranging from $140.00 to $141.17 per share, resulting in a total sale value of approximately $26.7 million. The stock, currently trading at $161.42, has shown strong momentum with a 21% gain over the past six months. According to InvestingPro analysis, Airbnb maintains impressive gross profit margins of 83% and holds more cash than debt on its balance sheet.
These sales were conducted under a pre-established Rule 10b5-1 trading plan adopted on August 22, 2024. Following these transactions, Chesky retains direct ownership of 12,231,685 shares. Additionally, he holds shares indirectly through trusts, including 16,800 shares by the 2019 Trust and 114,354 shares by the 2016 Legacy Trust B. With a market capitalization of over $100 billion, Airbnb maintains a "GREAT" financial health score according to InvestingPro, which offers 10+ additional key insights about the company's valuation and performance in its comprehensive Pro Research Report.
In other recent news, Airbnb has been the focus of several analyst notes, with most firms raising their price target for the company. Benchmark analysts have increased their price target on Airbnb to $178, citing the company's impressive Q4 earnings and Q1 guidance. They also noted Airbnb's strategic shift towards operating as a marketplace and the potential for an advertising business.
DA Davidson also raised its price target for Airbnb to $170 due to the company's improved growth profile. However, the firm maintains a Neutral rating due to valuation concerns, despite recognizing the company's exciting new product cycle opportunities.
Bernstein SocGen Group showed confidence in Airbnb by raising its price target to $185, following the company's plans to expand its product offerings. The firm highlighted Airbnb's ambition to become the "Amazon (NASDAQ:AMZN) of travel" and the potential billion-dollar opportunities in "living," "experiences," and "advertising."
Cantor Fitzgerald adjusted its price target for Airbnb to $130, even though Airbnb's Q1 guidance fell short of expectations. The firm emphasized Airbnb's optimistic margin outlook for FY25 and the company's ongoing geographic expansion.
Lastly, BofA Securities increased its price target for Airbnb to $170, praising the company's solid quarterly performance and potential for new product announcements in May. However, the firm maintains a Neutral rating due to valuation concerns. These developments reflect the recent changes in Airbnb's strategy and performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.