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 over 8 million active accommodation listings as of June 30, 2024. 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 September 18, 2024, ABNB stock price climbed to $122.42 with 3,654,000 million shares trading.

ABNB has a beta of 1.08, meaning it tends to be more sensitive to market movements. ABNB has a correlation of 0.22 to the broad based SPY ETF.

ABNB has a market cap of $77.78 billion. This is considered a Large Cap stock.

Last quarter Airbnb - Class A reported $3 billion in Revenue and $.86 earnings per share. This beat revenue expectation by $18 million and missed earnings estimates by -$.04.

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 underperformed the market in the last year with a return of -14.2%, while the SPY ETF gained +27.8%. In the last 3 month period, ABNB fell short of the market, returning -18.1%, while SPY returned +2.9%. However, in the most recent 2 weeks ABNB has outperformed the stock market by returning +6.5%, while SPY returned +1.7%.

ABNB support price is $120.15 and resistance is $124.09 (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.