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 shares are trading lower due to overall market weakness following the release of July PPI data, which showed higher-than-expected inflation. This could negatively impact consumer sentiment and travel spending.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 4:08 pm

Airbnb (NASDAQ:ABNB) is facing city restrictions in various jurisdictions, including New York, New Orleans, and Dallas, which could impact its bottom line. These restrictions are driven by the belief that short-term rentals contribute to the housing crisis. Despite this, Airbnb's stock has climbed over 60% in 2023, and Q2 earnings beat analyst expectations with an 18% revenue increase. However, shares dropped 2.1% in the five trading days post-results. The restrictions could also affect competitor Booking Holdings Inc (NASDAQ:BKNG). ProShares Short Real Estate (NYSE:REK) was up 0.49% to $20.19 on Thursday.

Portfolio Pulse from Natan Ponieman

August 10, 2023 | 8:15 pm

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), H&R Block (HRB), NIO Inc. (NIO), Lucid Group (LCID), XPeng Inc. (XPEV), Six Flags Entertainment (SIX), Airbnb (ABNB), Li Auto (LI), Wayfair (W), and GGR. The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm

A significant options activity has been observed for Airbnb (ABNB) with a sweep of 1000 calls at a strike price of $145 expiring on August 25. The calls were purchased near the ask price of $2.071, indicating bullish sentiment. The reference price for ABNB at the time was $138.3004.

Portfolio Pulse from Charles Gross

August 09, 2023 | 3:21 pm

Deutsche Bank analyst Lee Horowitz maintains a 'Hold' rating on Airbnb (NASDAQ:ABNB) and raises the price target from $102 to $105.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:09 pm

Airbnb shares are trading lower due to overall market weakness following Moody's downgrade of several US banks' credit ratings. This has led to market uncertainty and negatively impacted consumer discretionary stocks.

Portfolio Pulse from Bill Haddad

August 08, 2023 | 3:33 pm

A large bearish position has been taken on Airbnb (NASDAQ:ABNB), with 14 uncommon options trades spotted, split between 14% bullish and 85% bearish. Whales have been targeting a price range from $90.0 to $170.0 for Airbnb over the last 3 months. The price of ABNB is down -4.12% at $137.3. Barclays, Keybanc, Mizuho, B of A Securities have maintained their ratings on Airbnb, while Needham downgraded its action to Buy with a price target of $160.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:15 pm

Five top Wall Street analysts have made new stock picks. Zachary Fadem from Wells Fargo sees a 12% upside in Floor & Decor Holdings, Inc. (FND), Brandon Couillard from Jefferies sees a 29% upside in Exact Sciences Corporation (EXAS), Rohit Kulkarni from Roth MKM sees a 9% upside in DoorDash, Inc. (DASH), Colin Sebastian from Baird sees a 0.1% downside in Airbnb, Inc. (ABNB), and Justin Post from B of A Securities sees a 25% upside in Amazon.com, Inc. (AMZN).

Portfolio Pulse from Lisa Levin

August 07, 2023 | 11:06 am

Travel companies Booking Holdings Inc (NASDAQ:BKNG) and Airbnb Inc (NASDAQ:ABNB) have reported strong Q2 earnings, defying industry expectations amid the ongoing pandemic. Booking reported earnings of $37.62 per share, surpassing the expected $28.80, with revenues of $5.46 billion, a 27.2% YoY growth. Airbnb reported Q2 revenue of $2.5 billion, an 18% YoY increase, beating the $2.2 billion consensus. Both companies anticipate continued growth.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 7:50 pm

DA Davidson analyst Tom White has reiterated a 'Buy' rating on Airbnb (NASDAQ:ABNB) and raised the price target from $140 to $162.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:02 pm

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.