With a market cap of $89.9 billion, Airbnb, Inc. (ABNB) operates as a global platform for stays and experiences. Headquartered in San Francisco, California, the company enables hosts and guests to connect online or through mobile devices to book spaces and experiences.
Companies worth $10 billion or more are generally described as “large-cap stocks”, and Airbnb definitely fits that description. The American company is an online marketplace that has grown to over 5 million hosts, and it has welcomed over 2 billion guest arrivals in almost every country across the globe.
Active Investor: FREE newsletter going behind the headlines on the hottest stocks to uncover new trade ideas
Further, the travel booking platform dropped 16.2% from its 52-week high of $170.10. Over the last three months, Airbnb stock has risen 4.6%, outperforming the broader S&P 500 Index ($SPX), with a 5.8% loss during the same time period.
In longer term, ABNB is up 8.5% on a YTD basis, outperforming SPX’s 2.4% decline. However, over the last 52 weeks, shares of ABNB declined 10.5%, lagging behind the SPX has returned 12.4%.
ABNB has a bearish trend, mostly trading below its 50-day and 200-day moving averages. Recently, the stock traded above its 50-day and 200-day moving averages.
Shares of Airbnb rose 14.4% the following after the announcement of Q4 2024 results on Feb. 13. The financial results exceeded expectations, with revenue of $2.48 billion and adjusted EPS of $0.73. In addition, revenue guidance for the next quarter is to be in the range of $2.25 billion.
But, ABNB has underperformed its rival, Booking Holdings Inc. (BKNG), over the last 52 weeks, with BKNG increasing 43.4%. Further, BKNG experienced a slight decline of over 1% YTD.
Analysts are cautious about ABNB’s prospects, given its underperformance compared to SPX over the past year. With a consensus “Hold” rating from 39 analysts, and is currently trading below the mean price target of $159.12.
On the date of publication,
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy
here.
More news from Barchart