ABNB Stock Summary and Trading Ideas (Airbnb - Class A | NASDAQ:ABNB)

Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered around 7 million active accommodation listings as of June 30, 2023. Listings from the company's over 4 million hosts are spread over almost every country in the world. In the fourth quarter of 2022, 47% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.

Airbnb - Class A trades on the NASDAQ stock market under the symbol ABNB.

As of September 27, 2023, ABNB stock price climbed to $134.03 with 3,571,677 million shares trading.

ABNB has a beta of 2.24, meaning it tends to be more sensitive to market movements. ABNB has a correlation of 0.42 to the broad based SPY ETF.

ABNB has a market cap of $84.46 billion. This is considered a Large Cap stock.

Last quarter Airbnb - Class A reported $2 billion in Revenue and $.98 earnings per share. This beat revenue expectation by $64 million and exceeded earnings estimates by $.22.

The top ETF exchange traded funds that ABNB belongs to (by Net Assets): VTI, QQQ, VXF, SPY, IVV.

ABNB has outperformed the market in the last year with a return of +29.8%, while the SPY ETF gained +18.7%. In the last 3 month period, ABNB beat the market returning +8.9%, while SPY returned -0.9%. However, in the most recent 2 weeks ABNB has underperformed the stock market by returning -9.1%, while SPY returned -4.1%.

ABNB support price is $129.01 and resistance is $135.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABNB stock will trade within this expected range on the day.