Airbnb (ABNB)

• Market cap: $84.4B
• 1 day: 2.24%
• 5 days: 5.08%
• 1 month: 2.18%
• 3 months: -0.66%
• 6 months: -8.70%
• Year to date: 2.77%
• 1 year: 0.10%
• 5 years: -6.63%
• 10 years: -6.63%
• Sector: Real Estate
• Industry: To Dwellings & Other Buildings

About: Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered over 8 million active accommodation listings as of Sept. 30, 2024. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.

Employees: 6,907

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2.38% less ownership

Funds ownership: 76.92% [Q2] → 74.54% (-2.38%) [Q3]

5% less funds holding

Funds holding: 1,149 [Q2] → 1,089 (-60) [Q3]

19% less capital invested

Capital invested by funds: $51.5B [Q2] → $41.4B (-$10B) [Q3]

20% less call options, than puts

Call options by funds: $1.65B | Put options by funds: $2.07B

22% less repeat investments, than reductions

Existing positions increased: 353 | Existing positions reduced: 453

24% less first-time investments, than exits

New positions opened: 133 | Existing positions closed: 175

28% less funds holding in top 10

Funds holding in top 10: 29 [Q2] → 21 (-8) [Q3]

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $96 29% downside
• Avg. target: $138 2% upside
• High target: $160 18% upside

17 analyst ratings

• positive: 5 29%
• neutral: 8 47%
• negative: 4 24%

Wells Fargo Ken Gawrelski 64% 1-year accuracy 32 / 50 met price target	29% downside $96	Underweight Maintained	16 Jan 2025
Morgan Stanley Brian Nowak 84% 1-year accuracy 27 / 32 met price target	7% downside $125	Underweight Maintained	13 Jan 2025
B of A Securities Justin Post 69% 1-year accuracy 11 / 16 met price target	18% upside $159	Neutral Maintained	18 Dec 2024
Truist Securities Naved Khan 72% 1-year accuracy 18 / 25 met price target	9% downside $123	Hold Maintained	4 Dec 2024
DA Davidson Tom White 58% 1-year accuracy 14 / 24 met price target	3% downside $131	Neutral Maintained	18 Nov 2024