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Valued at a market cap of $82 billion, Airbnb, Inc. (ABNB) operates a global platform connecting hosts and guests to book accommodations and experiences online or via mobile devices. The company offers a wide range of lodging options from private rooms to luxury villas, and also provides gift cards.
Shares of the San Francisco, California-based company have underperformed the broader market over the past 52 weeks. ABNB stock has returned 3.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 21.5%. In addition, shares of Airbnb have decreased 1.1% on a YTD basis, compared to SPX’s 7.1% rise.
