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 November 18, 2024, ABNB stock price declined to $132.19 with 3,619,372 million shares trading.

ABNB has a beta of 0.77, meaning it tends to be less sensitive to market movements. ABNB has a correlation of 0.12 to the broad based SPY ETF.

ABNB has a market cap of $83.98 billion. This is considered a Large Cap stock.

Last quarter Airbnb - Class A reported $4 billion in Revenue and $2.13 earnings per share. This beat revenue expectation by $12 million and missed earnings estimates by -$.01.

In the last 3 years, ABNB traded as high as $199.36 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 price return of +4.0% while the SPY ETF gained +32.0%. However, in the short term, ABNB had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.7% vs +6.4% return in SPY. But in the last 2 weeks, ABNB shares have been beat by the market, returning -3.4% compared to an SPY return of +3.2%.

ABNB support price is $130.52 and resistance is $134.48 (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 shares will trade within this expected range on the day.