Streetbeat News

ABNB

Airbnb, Inc.

https://www.airbnb.com

Industry

Travel Services

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.

Open

134.20

Mkt cap

84B

Volume

4.7M

High

134.53

P/E Ratio

46.01

52-wk high

170.10

Low

131.32

Div yield

N/A

52-wk low

110.38

Airbnb (NASDAQ:ABNB) has been reviewed by 11 analysts in the last three months, with a mix of ratings from bullish to bearish. The average 12-month price target is $130.09, down 9.38% from the previous average. Analysts from firms like BMO Capital, Barclays, and Jefferies have adjusted their price targets and ratings, reflecting a cautious outlook. Airbnb's financial performance shows strong revenue growth, net margin, ROE, and ROA, with a low debt-to-equity ratio. The company is a major player in the online accommodation and travel industry, with over 7 million listings and significant revenue from North America.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:00 pm

BMO Capital analyst Brian Pitz has initiated coverage on Airbnb with a Market Perform rating and set a price target of $134 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 11:00 am

The analysis compares Airbnb (ABNB) with competitors in the Hotels, Restaurants & Leisure industry, focusing on financial metrics like P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth. Airbnb shows potential undervaluation with a lower P/E and P/B than the industry average, but a higher P/S ratio suggests overvaluation in sales. The company's high ROE, EBITDA, and gross profit indicate strong profitability, despite lower revenue growth compared to the industry. Airbnb's lower debt-to-equity ratio suggests a stronger financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 4:00 pm

Airbnb Inc (NASDAQ:ABNB) is using AI technology to enforce its permanent ban on parties, particularly during holidays. The company's AI system evaluates factors like user ratings and booking proximity to block high-risk reservations. Over New Year's Eve, Airbnb prevented tens of thousands of potential party bookings globally. The measures are part of Airbnb's commitment to benefit hosts, guests, and local communities by maintaining safety and trust.

Portfolio Pulse from Bibhu Pattnaik

December 31, 2023 | 6:20 pm

Wedbush analyst Scott Devitt has given a positive outlook on Booking Holdings Inc. (BKNG), raising its price target due to its global leadership in the OTA market, efficient marketing, and a strategy aimed at EPS growth. Booking is expected to face tougher comparisons in 2024 after outperforming peers in 2023. Airbnb Inc. (ABNB) maintains a Neutral rating with a stable price target, as it faces increased competition in alternative accommodations. Expedia Group Inc. (EXPE) also holds a Neutral rating, with a raised price target, but is expected to struggle in regaining market share due to the growth of competitors like Booking and Airbnb.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 7:07 pm

Airbnb's (NYSE:ABNB) short interest has decreased by 6.34% since the last report, with 23.48 million shares sold short, representing 5.47% of its float. The average time to cover these short positions is 5.65 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Airbnb's short interest is below its peer group average of 7.73%. Short interest levels can be a market sentiment indicator, but do not necessarily predict near-term price movements.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 8:45 pm

Airbnb Inc. (NASDAQ:ABNB) has been fined AU$15 million ($10 million) by an Australian court for misleading Australian customers by displaying prices in U.S. dollars without proper indication, affecting around 63,000 customers from January 2018 to August 2021. The company will also pay AU$400,000 for prosecution costs and may disburse an additional AU$15 million in compensation. Airbnb has since updated its platform to clearly indicate prices in USD.

Portfolio Pulse from Benzinga Neuro

December 21, 2023 | 2:30 am

The article compares Airbnb (NASDAQ:ABNB) with its competitors in the Hotels, Restaurants & Leisure industry, analyzing financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Airbnb shows a lower P/E ratio than the industry average, suggesting potential undervaluation, but higher P/B and P/S ratios indicate possible overvaluation. The company's ROE, EBITDA, and gross profit are above industry averages, demonstrating strong profitability and operational efficiency, while its revenue growth is below the industry average.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 4:00 pm

Airbnb Inc (NASDAQ:ABNB) shares are trading higher after the company reached a settlement with the Italian Revenue Agency. The settlement resolves a dispute over a 779 million euro tax assessment from Airbnb Ireland, with Airbnb agreeing to pay 576 million euros. The agreement covers withholding on host income tax obligations for audited periods. Airbnb does not plan to recover any tax withholdings from hosts and seeks information on hosts' taxes paid for 2022 and 2023.

Portfolio Pulse from Adam Eckert

December 13, 2023 | 1:39 pm

Airbnb Ireland has reached a settlement with the Italian Revenue Agency, agreeing to pay 576 million euros. This settlement covers withholding tax obligations on host income, including taxes, interest, and penalties for the audited periods.

Portfolio Pulse from Charles Gross

December 13, 2023 | 11:09 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.