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 7.7 million active accommodation listings as of Dec. 31, 2023. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% 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 April 23, 2024, ABNB stock price climbed to $160.59 with 2,183,635 million shares trading.

ABNB has a beta of 1.72, meaning it tends to be more sensitive to market movements. ABNB has a correlation of 0.33 to the broad based SPY ETF.

ABNB has a market cap of $102.03 billion. This is considered a Large Cap stock.

Last quarter Airbnb - Class A reported $2 billion in Revenue and $.76 earnings per share. This beat revenue expectation by $58 million and exceeded earnings estimates by $.12.

In the last 3 years, ABNB stock traded as high as $212.58 and as low as $81.91.

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

ABNB has outperformed the market in the last year with a price return of +39.0% while the SPY ETF gained +24.3%. ABNB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.1% and +0.2%, respectively, while the SPY returned +4.9% and -2.6%, respectively.

ABNB support price is $153.60 and resistance is $159.62 (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.