Airbnb CFO Elinor Mertz sells shares worth $826,750

SAN FRANCISCO—Elinor Mertz, Chief Financial Officer of Airbnb, Inc. (NASDAQ:ABNB), a $84.7 billion market cap company currently trading above its InvestingPro Fair Value, recently sold 6,250 shares of the company’s Class A common stock. The shares were sold at a price of $132.28 each, resulting in a total transaction value of approximately $826,750. The stock, which boasts impressive gross profit margins of 83%, has shown strong momentum with a 9% gain in the past week.

Following this transaction, Mertz retains ownership of 467,611.295 shares in the company. The sales were executed under a pre-established Rule 10b5-1 trading plan, which was adopted on May 31, 2024. For deeper insights into insider trading patterns and 13 additional key metrics, check out the comprehensive research available on InvestingPro.

In other recent news, Airbnb is facing legal proceedings after being sued by the Heritage Foundation and American Conservative Values ETF. The lawsuit claims that Airbnb improperly excluded certain shareholder proposals from its 2025 proxy statement. Meanwhile, Truist Securities has downgraded Airbnb’s stock from Hold to Sell, adjusting the price target to $106.00, down from $112.00. This decision reflects Truist’s revised earnings projections for Airbnb, with a slight decrease in EBITDA estimates for 2025 and 2026. In contrast, Bernstein analysts have reiterated an Outperform rating on Airbnb, maintaining a price target of $185.00, citing the company’s strategic focus on growth and investment in artificial intelligence.

BTIG has maintained a Neutral rating on Airbnb, noting a slowdown in performance indicators compared to competitors like Booking Holdings (NASDAQ:BKNG) and Expedia (NASDAQ:EXPE) Group. This assessment highlights a moderation in Airbnb’s site traffic and U.S. receipt data. Additionally, Spain has ordered Airbnb to remove over 65,000 listings from its platform, citing violations of existing regulations amid concerns over the housing crisis. Airbnb plans to appeal this decision, which has drawn attention to the company’s role in the housing market. These developments come as Airbnb continues to navigate a complex landscape of regulatory challenges and competitive pressures.

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