SAN FRANCISCO—Elinor Mertz, the Chief Financial Officer of Airbnb, Inc. (NASDAQ:ABNB), recently sold 6,250 shares of the company’s Class A Common Stock. The shares were sold at a price of $129.58 each, totaling approximately $809,875. The transaction comes as Airbnb, currently valued at $82.9 billion, maintains strong financial health with an impressive 83% gross profit margin, according to InvestingPro data.
Following this transaction, Mertz continues to hold 484,988 shares directly. The sale was conducted under a Rule 10b5-1 trading plan that was adopted on May 31, 2024, allowing for pre-scheduled transactions. With the company’s next earnings report scheduled for February 13, investors seeking deeper insights can access comprehensive analysis and 11 additional key metrics through InvestingPro’s detailed research reports.
In other recent news, Raymond (NSE:RYMD) James has reaffirmed a Strong Buy rating on Uber Technologies Inc . (NYSE:UBER), maintaining a price target of $95. The analyst emphasized Uber’s strategic investments and the upward revision of the company’s first-half fixed currency net mobility guidance, signaling a commitment to growth. Meanwhile, Cantor Fitzgerald maintained an Underweight rating on Airbnb Inc ., with a price target of $117, highlighting the company’s significant investments in new market expansion.
In Spain, Airbnb is under investigation over its failure to remove thousands of rental listings, which has been blamed for exacerbating housing shortages and escalating real estate prices. The company could face a potential penalty of up to 100,000 euros or an amount equivalent to four to six times the profit generated from these practices.
On the other hand, Booking Holdings (NASDAQ:BKNG) Inc. has observed a shift in travel patterns due to inflation, with American consumers delaying their vacation planning. In contrast, European travelers are making travel arrangements earlier, positively influencing the company’s outlook.
Truist Securities slightly lowered its price target for Airbnb, bringing it down to $123 from the previous $124, while keeping a Hold rating on the stock. This revision follows updated earnings projections for the company for the upcoming years. These developments are part of the most recent news for these companies.
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