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

Adobe Inc.'s proposed $20 billion acquisition of Figma Inc. is expected to face an antitrust warning from the European Commission. The Commission is preparing a statement of objections, highlighting concerns about potential anti-competitive effects of the deal. The EU initiated an in-depth investigation into the takeover in August over concerns of reduced competition in the market for interactive product design tools. Figma collaborates with companies like Zoom Video Communications, Airbnb, and Coinbase Global. The Commission's decision on the deal is expected by February 5.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 7:10 pm

Bernstein analyst Richard Clarke has updated ratings and price targets for Tripadvisor Inc (TRIP), Airbnb Inc (ABNB), and Booking Holdings Inc (BKNG) based on strong travel demand and the outlook for 2024. Clarke upgraded TRIP from Market Perform to Outperform with a new price target of $21.40, citing a successful strategy to offset metasearch declines. BKNG was upgraded from Underperform to Market Perform with a price target of $2,940, as strong leisure demand and share buybacks have improved earnings estimates. ABNB maintained an Outperform rating but had its price target slightly reduced from $168 to $163, remaining Clarke's top pick with expectations of strong performance in 2024.

Portfolio Pulse from Priya Nigam

November 13, 2023 | 4:26 pm

The stock market saw gains with the S&P 500 up 1.3%, Dow Jones up 0.7%, and Nasdaq up 2.4% over the past week. Moody's revised the U.S. credit outlook to negative. Bullish views include Tesla's expected rally, Disney's profitability rebuild, and Dogecoin's potential surge to 20 cents. Bearish news includes Plug Power's liquidity concerns, Airbnb's tax evasion issues in Italy, and Coinbase's regulatory troubles in Kazakhstan.

Portfolio Pulse from Michael Cohen

November 11, 2023 | 2:04 pm

EU countries and lawmakers are expected to reach an agreement on regulations for short-term rental services like Airbnb next week. The rules are anticipated to be 'light touch,' suggesting a less stringent regulatory environment for the industry.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 3:44 pm

South Korea is experiencing a rapid increase in bedbug infestations, prompting government action. The country has been largely free of bedbugs since 2014, but the recent resurgence follows similar incidents in France, the UK, and the US. The South Korean government is importing new pesticide types and initiating a bedbug management system. Airbnb Inc (NASDAQ:ABNB) in Paris has reported no increase in bedbug cases but is taking additional precautions.

Portfolio Pulse from Benzinga Neuro

November 10, 2023 | 5:21 am

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Lucid Group (LCID), Nike (NKE), MGM Resorts (MGM), Airbnb (ABNB), Starbucks (SBUX), Rivian (RIVN), Ford (F), Booking Holdings (BKNG), and Wayfair (W). The options activity ranges from bullish to bearish sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:35 pm

Airbnb Inc. (NASDAQ:ABNB) has introduced a software update that enables smart lock integration, streamlining the check-in process for guests. The system auto-generates codes that guests can access through the Airbnb app, email, or notifications. The update also introduces improved review listings sortable by rating and recency, and a “Guest Favorites” tag for two million highly-rated homes. For hosts, an AI-powered photo tour will automatically detect and organize photos by room, and a new listing editor will better communicate available amenities.

Portfolio Pulse from Ananya Gairola

November 09, 2023 | 9:38 am

Airbnb Inc (NASDAQ:ABNB) is introducing new features and artificial intelligence enhancements to its app to boost user trust in the platform's reliability. The update includes a 'Guest Favorite' badge for listings with over a 4.9-star rating and less than 1% host cancellations. The firm will also launch a new AI feature that categorizes images according to the room type and offer an expanded view of reviewers' experiences in the listing reviews.

Portfolio Pulse from Vandana Singh

November 08, 2023 | 6:14 pm

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. Bullish sentiment was observed in Tesla (TSLA), Lucid Group (LCID), DraftKings (DKNG), Carvana (CVNA), NIO Inc. (NIO), and Luminar Technologies (LAZR). Bearish sentiment was observed in Airbnb (ABNB), Caesars Entertainment (CZR), and Rivian (RIVN). Neutral sentiment was observed in YETI Holdings (YETI).

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:35 pm

Airbnb, Marriott, and Booking have all reported strong Q3 results, indicating a robust demand for travel. Airbnb's revenue grew 18% YoY to $3.40 billion, but its Q4 guidance fell short of estimates, causing a 3% drop in shares. Marriott reported 6-8% growth in revenue per available room globally, with a net income of $752 million. Booking's Q3 revenue grew 21% to $7.3 billion, despite a slowdown due to the Israeli-Hamas conflict.

Portfolio Pulse from Upwallstreet

November 08, 2023 | 4:55 pm

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