Airbnb Director’s $8M Stock Sale Fails to Dent Analyst Optimism
Airbnb director Joseph Gebbia sold 58,000 shares on January 12 for $8.03 million, marking a 10.07% reduction in his stake. The transaction, executed at $138.45 per share, continues a selling spree that began in late October. Gebbia has offloaded nearly 936,000 shares since then, netting over $115 million.
Despite the insider selling, Airbnb shares remain resilient, trading at $132.79 with an $81.7 billion market cap. RBC Capital maintains its Outperform rating and $170 price target, highlighting growth potential in the company's hotel strategy. Analysts overall hold a consensus "Hold" rating with an average target of $147.84.