Airbnb Teams Up with Etsy for “Art of Hosting” Collab

Can profitability help ABNB bounce back?

facebook X logo linkedin


Airbnb Inc (NASDAQ:ABNB) recently announced that it was teaming up with Etsy (ETSY) to introduce a curated selection of crafted and guest-favorite home items from Etsy sellers in a project called the “Art of Hosting.” The selection, which features homemade items, aims to make it easy and affordable for new and existing Airbnb Hosts to create a guest-friendly listing with unique touches.

ABNB was last seen down 1.7% at $139.65, as it makes its way toward its fifth-consecutive daily loss. The stock has managed to find footing near the $138 level, however, which is helping to keep some distance between its current price and its May 19 annual low of $129.71. Nevertheless, the shares are down 15.7% year-to-date, and suffer a 30% 12-month deficit. 

This recent slide has attracted options bears. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ABNB sports a 10-day put/call volume ratio of 1.05, which stands higher than all but 1% of annual readings. This implies long puts have rarely been more popular in the past year. 

Echoing this, ABNB's Schaeffer's put/call open interest ratio (SOIR) of 1.24 sits in the 91st percentile of its annual range. In other words, short-term options traders are targeting Airbnb puts with an unprecedented frenzy. 

Price action aside, Airbnb stock continues to have strong long-term growth potential. Although the firm suffered a 30% decline in revenues for fiscal 2020 as a result of the pandemic, its revenues are still up 46% since fiscal 2018. The vacation rental marketplace is also estimated to grow revenues another 23.7% in 2022. In addition, ABNB is expected to see a shift into profitability in 2022, with estimates placing its earnings per share (EPS) at $0.96.

Moreover, Airbnb also holds a strong balance sheet with $7.92 billion in cash and $2.43 billion in total debt, offering a great deal of security. Nonetheless, Airbnb stock could very easily continue to see significant weakness in the short-term due to its high valuation, with the stock trading at very high price-sales ratio of 21.22. However, ABNB does have a very attractive long-term outlook from a fundamental point of view.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI