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Airbnb (ABNB) Stock Price, News & Analysis

$151.96
-0.54 (-0.35%)
(As of 07/8/2024 ET)
Today's Range
$150.76
$154.20
50-Day Range
$141.04
$162.00
52-Week Range
$113.24
$170.10
Volume
3.23 million shs
Average Volume
4.38 million shs
Market Capitalization
$97.87 billion
P/E Ratio
20.34
Dividend Yield
N/A
Price Target
$152.38

Airbnb MarketRank™ Stock Analysis

Analyst Rating
Hold
2.16 Rating Score
Upside/​Downside
0.3% Upside
$152.38 Price Target
Short Interest
Healthy
1.96% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.92mentions of Airbnb in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$62.81 M Sold Last Quarter
Proj. Earnings Growth
15.05%
From $4.65 to $5.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Computer And Technology Sector

230th out of 568 stocks

Services To Dwellings & Other Buildings Industry

2nd out of 6 stocks

ABNB stock logo

About Airbnb Stock (NASDAQ:ABNB)

Airbnb, Inc. is a global, web-based marketplace for short-term rentals and house-sharing arrangements. The company was founded in 2008 as AirBedandBreakfast.com after roommates Brian Chesky, and Joe Gebbia came up with the idea they could turn their apartment into a bed and breakfast if they had a website. The two brought on Nathan Blecharczyk as Chief Technology Officer, and by August of that same year, the company was up and running.

At first, the platform was solely for the trio's own use and they had their first customers soon after launching. The next year the trio was offered the chance to join the Y Combinator business incubator for the cost of a 6% ownership in the company. That deal got them $20,000 in capital they used to go to New York to promote and garner new investors. They came back to California with a plan to expand the business including the shift toward brokering deals rather than providing a room. At the end of 2009, the company had served more than 10,000 users and had more than 2,500 listings.

The next few years saw the company expand rapidly with the help of investors like Sequoia Capital and Google (now Alphabet). The company also retooled its website and appearance and launched a new logo. The logo is called Bélo and is meant to represent inclusiveness and belonging. During this time, the company also began its international expansion, opening offices first in London and then later in Singapore.

Airbnb owes much of its growth to acquisitions. The company has made more than a dozen major acquisitions over its short lifespan. Acquisitions include both expansions of territory as well as the depth of offerings and include CrashPadder in 2012 and HotelTonight in 2021. The company went public in 2020 to much fanfare, raising more than $3.5 billion in its first day of trading. That gave the company a valuation greater than $100 billion making it one of the largest IPOs in the travel industry ever recorded.

Today, Airbnb operates through a network of subsidiaries as a technology-based travel and leisure company. It operates a web-based platform that enables property owners to offer rental time to consumers globally. The platform works across devices and enables users to book complete travel packages or individual travel services. The company’s revenue was just short of $6 billion in 2021 due to the incredible boost from COVID-19 and social distancing. The event was a game-changer for this rapidly growing company and helped to cement it as the leader in its industry.

As of the end of the year 2021, the company had more than 4 million listings with more than double that number of beds. This puts it first worldwide and larger than the top 4 hotel brands combined. Revenue in 2022 topped $8.25 billion, a growth of 37.5% in only 2 years, and the company was only reaching a small fraction of its $3.4 trillion addressable market.

ABNB Stock Price History

ABNB Stock News Headlines

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Company Calendar

Last Earnings
5/08/2024
Today
7/08/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Services to dwellings & other buildings
Sub-Industry
Hotels Resorts & Cruise Lines
Current Symbol
NASDAQ:ABNB
Fax
N/A
Employees
6,907
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$152.38
High Stock Price Target
$200.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+0.3%
Consensus Rating
Hold
Rating Score (0-4)
2.16
Research Coverage
32 Analysts

Profitability

Net Income
$4.79 billion
Pretax Margin
22.12%

Debt

Sales & Book Value

Annual Sales
$9.92 billion
Cash Flow
$4.60 per share
Book Value
$12.80 per share

Miscellaneous

Free Float
464,807,000
Market Cap
$97.87 billion
Optionable
Optionable
Beta
1.18

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Should I Buy Airbnb Stock? ABNB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Airbnb, Inc.:

  • Airbnb, Inc. operates a platform that enables hosts to offer stays and experiences to guests worldwide, providing a wide range of options for travelers.
  • The company's marketplace connects hosts and guests online or through mobile devices, making it convenient for users to book spaces and experiences.
  • Airbnb, Inc. primarily offers private rooms, which can be a more affordable option for travelers compared to traditional hotels.
  • Recent developments in the company's technology and user interface have improved the overall user experience, attracting more users to the platform.
  • Investors may find the current stock price of Airbnb, Inc. to be attractive for potential growth opportunities in the future.

Cons

Investors should be bearish about investing in Airbnb, Inc. for these reasons:

  • Despite the company's growth potential, Airbnb, Inc. faces competition from other online travel platforms, which could impact its market share.
  • Regulatory challenges in certain markets may pose risks to the company's operations and profitability.
  • Fluctuations in the travel industry, such as changes in consumer preferences or economic conditions, could affect Airbnb, Inc.'s business performance.
  • Investing in individual stocks like Airbnb, Inc. carries inherent risks, including market volatility and potential losses.
  • While the company has shown resilience in adapting to changing market conditions, investors should carefully consider their risk tolerance before investing in Airbnb, Inc.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 30, 2024. Please send any questions or comments about these Airbnb pros and cons to contact@marketbeat.com.

ABNB Stock Analysis - Frequently Asked Questions

How have ABNB shares performed this year?

Airbnb's stock was trading at $136.14 at the beginning of the year. Since then, ABNB shares have increased by 11.6% and is now trading at $151.96.
View the best growth stocks for 2024 here
.

How were Airbnb's earnings last quarter?

Airbnb, Inc. (NASDAQ:ABNB) announced its earnings results on Wednesday, May, 8th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.18. The business's quarterly revenue was up 17.8% compared to the same quarter last year.

Does Airbnb have any subsidiaries?

The following companies are subsidiaries of Airbnb: Urbandoor, HotelTonight, Gaest, Luckey Homes, Accomable, AdBasis, Trooly, and more.

When did Airbnb IPO?

Airbnb (ABNB) raised $2.4 billion in an initial public offering on Thursday, December 10th 2020. The company issued 51,900,000 shares at $44.00-$50.00 per share. Morgan Stanley and Goldman Sachs acted as the underwriters for the IPO and Allen & Co., BofA Securities, Barclays, Citigroup, BNP Paribas, Mizuho Securities, Credit Suisse, Deutsche Bank Securities, Jefferies and Wells Fargo Securities were co-managers.

Who are Airbnb's major shareholders?

Airbnb's top institutional investors include Trinity Street Asset Management LLP (0.02%), DNB Asset Management AS (0.01%), Red Spruce Capital LLC and Transcend Capital Advisors LLC. Insiders that own company stock include Brian Chesky, Elinor Mertz, Nathan Blecharczyk, Aristotle N Balogh, Aristotle N Balogh, Jeffrey D Jordan, Catherine C Powell, Dave Stephenson, David C Bernstein, Joseph Gebbia, Joseph Gebbia and Belinda J Johnson.
View institutional ownership trends
.

How do I buy shares of Airbnb?

Shares of ABNB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ABNB) was last updated on 7/9/2024 by MarketBeat.com Staff

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