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Genting Singapore

GENTING SINGAPORE PL

Genting Singapore is engaged in the development and operation of integrated resort destinations, including gaming, hospitality, meetings, and leisure and entertainment facilities. It owns Resorts World Sentosa in Singapore, one of the leading integrated resort destinations in Asia, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore theme park, facilities for meetings, incentives, conventions, and exhibitions, hotels, Michelin-starred restaurants, and specialty retail outlets.

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While Airbnb (ABNB) is garnering investors' attention as it is set to join the S&P 500, New York City's crackdown on Airbnb is creating near-term uncertainties for the company. So, is ABNB worth buying now? Keep reading... The announcement of Airbnb, Inc. (<a href="https://stocknews.com/stock/ABNB/">ABNB</a>) to be <a href="https://www.investopedia.com/why-airbnb-and-blackstone-shares-could-jump-on-sp-500-inclusion-7965510">included in the S&amp;P 500 on September 18</a>, before the market opening, has triggered significant investor interest. Moreover, the stock has witnessed a steady run this year, bolstered by a robust demand within the travel sector.
However, <a href="https://www.theguardian.com/us-news/2023/sep/06/airbnb-new-rental-regulation-nyc-housing">recent regulation enforcement targeting Airbnb</a> and short-term rentals within New York City could potentially impact the company's immediate growth. New regulations require hosts to register with the city and meet certain obligations.
Last month, ABNB reported approximately 15,000 listings across the city. In contrast, the New York Times reported that as of August 28, only around 3,250 registration applications had been received, with a mere 257 been approved.
Opposing these regulations, ABNB initiated legal action, which was subsequently dismissed last month. These regulatory changes may <a href="https://finance.yahoo.com/news/nyc-just-banned-airbnb-vrbo-151553920.html">severely affect the company's revenue</a>, potentially leading to losses of millions of dollars, given that New York is one of Airbnb's largest markets.
In light of these uncertainties, today may not present the most favorable opportunity for investing in the stock. Let's look at some of its key financial metrics.
An Analytical Study of Key Metrics from 2020 to 2023
The trend in the trailing-12-month net income of ABNB, starting from December 31, 2020, to June 30, 2023, sees a remarkable turnaround. Here are some key points:
<ul>
<li>On December 31, 2020, ABNB recorded a substantial loss of -$4.58 billion.</li>
<li>By the end of the third quarter in 2021, the net loss had slightly decreased to -$4.29 billion.</li>
<li>The company then noted an immense improvement by year-end 2021, minimizing losses to just -$352.03 million.</li>
<li>Positive growth emerged in the first quarter of 2022, with the company reporting a net income rise to $801.39 million, engendering a distinct shift from a loss in the previous years and quarters.</li>
<li>This upswing continued through 2022, culminating with a net income of $1.89 billion by the end of the year.</li>
<li>The rise in net income carried over to 2023, with the recorded numbers showcasing a steady increase: $2.03 billion at the end of the first quarter and $2.3 billion by the end of the second quarter.</li>
</ul>
The annual growth rate, measured by comparing the last value ($2.3 billion on June 30, 2023) against the first value (-$4.58 billion on December 31, 2020), reveals a significant positive growth trend for ABNB. This mirrors ABNB's successful transition from a period of considerable loss into a trajectory of steady income gain.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694180038.57929.png" />
Based on the provided data series, the gross margin for ABNB has experienced a gradual positive growth over time with minor fluctuations from the end of 2020 through to mid-2023. Here is an outline of significant points:
<ul>
<li>December 31, 2020: The gross margin was at 74.1%</li>
<li>September 30, 2021: It grew to 79.9%, an overall increase from December 2020</li>
<li>December 31, 2021: By the end of 2021, it rose slightly to 80.7%</li>
<li>March 31, 2022: An uptick was observed by the end of the first quarter of 2022 to 80.9%</li>
<li>June 30, 2022: There was a further increment accounting for 81.6%</li>
<li>September 30, 2022: A small rise up to 82.0%</li>
<li>December 31, 2022: This continued to be on the rise, finishing the year at 82.2%</li>
<li>March 31, 2023: A slight drop to 82.0% in the first quarter of 2023</li>
<li>June 30, 2023: The gross margin stabilized at 82.3% midway through the year 2023</li>
</ul>
This reveals a trend of steady growth, interspersed with slight fluctuations. The gross margin for ABNB has seen an estimated increase of 8.2% from December 2020 to June 2023. Recent numbers, particularly the last value in the series, show a stabilizing trend towards mild growth.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694180104.26764.png" />
The <a href="https://www.investopedia.com/terms/c/currentratio.asp">Current Ratio</a> of ABNB showed both an overall fluctuating trend and particular periods of stability between 2020 and mid-2023. Multiple peaks and troughs could be observed in their quarterly reported figures, reflecting volatile market conditions and ABNB's rapidly changing liquidity situation. Below are some of the key details:
<ul>
<li>The Current Ratio started from an initial point of 1.65 in September 2020. It experienced a short-term increase and peaked at 1.74 at the end of 2020.</li>
<li>However, it later followed a downward trend, hitting the minimum value of 1.47 by the end of June 2023.</li>
<li>The company had several fluctuations where the Current Ratio rose to a considerably higher figure, like in September 2021 (1.86) and December 2022 (1.86), before slight decreases set in.</li>
<li>Particular stability in the ratio was noted, such as the sustained level near 1.86 between September 2022 to December 2022.</li>
<li>The most recent data (June 2023) indicated a current ratio 1.47.</li>
</ul>
Calculating the growth rate between the first value (September 2020, 1.65) and the last value (June 2023, 1.47) it suggests a decrease of about 10.91%. This indicates that ABNB's Current Ratio has generally been on a declining trend over this period.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694180181.48752.png" />
The Analyst Price Target (APT) of ABNB exhibited several trends and fluctuations from November 2021 to September 2023.
<ul>
<li>From 2021 November 12 up until February 25, 2022, the APT remained relatively stable at around $194, with only slight variations, such as a small increase to $194.125 on December 3, 2021.</li>
<li>Afterwards, in late February 2022, it rose to $200 but slightly dwindled to $198 in late March 2022.</li>
<li>In May 2022, there was a noticeable drop in the APT, sliding to $189.6 by mid-May and continuing to reach $180.83 by early June.</li>
<li>By August 2022, the APT experienced a dramatic drop to $140, maintaining this value for roughly two months.</li>
<li>From November 2022 until January 2023, the APT steadily declined to $125.</li>
<li>However, on February 3, 2023, there was a slight increase, leading to a more significant jump to $143.5 by March, which persisted until mid-May.</li>
<li>There was a brief dip in mid-May 2023, with the APT dropping to $130 and hovering around that region till the end of July.</li>
<li>Finally, starting from July 2023, there was a recovery period as the APT gradually increased, reaching the peak at $145 by late August, which is where the series ended.</li>
</ul>
Overall, comparing the first value ($194) to the last value ($145), ABNB's Analyst Price Target has experienced a decline of approximately 25%. This represents a negative growth rate over the period under consideration despite some periods of recovery and stability.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694180251.46793.png" />
Analyzing ABNB's Fluctuating Share Price and Growth Trends: March-September 2023
Here's the trend and growth rate of the share price of ABNB from the given data:
<ul>
<li>On March 17, 2023, the share price stood at $116.45.</li>
<li>By March 24, 2023, there was an increase, and the share price surged to $120.48. The trend was upward at this point.</li>
<li>The price dipped slightly to $119.94 on March 31, 2023, and continued to decrease to reach $116.17 by April 6, 2023, indicating a short-term decelerating trend.</li>
<li>The lowest price observed in this data set was on May 26, 2023, reaching $106.57. Thus, the overall trend from mid-March to late May was downward.</li>
<li>However, the share price began to grow significantly midway through June, reaching its peak at $149.80 by July 28, 2023. This suggests a clear and rapidly accelerating trend over these months.</li>
<li>The share price then fell substantially to $125.96 on August 25, 2023, representing a clear and decelerating trend in August.</li>
<li>Finally, bouncing back from this drop, the share price rose again to $142.34 by September 7, 2023, indicating a resurgence in the upward trend.</li>
</ul>
The data reveals a fluctuating growth rate for the ABNB share price. Throughout the period from March 17, 2023, to September 7, 2023, the ABNB shares experienced several highs and lows, with the most noticeable rapid acceleration occurring between June and July and a significant deceleration in August. The final data point indicates a possible return to an upward trajectory. Here is a chart of ABNB's price over the past 180 days.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694180324.10057.png" />
Examining ABNB's Quality, Momentum, and Growth: Insights from POWR Ratings
ABNB has an overall C rating, translating to a Neutral in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. It is ranked #17 out of the 22 stocks in the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> category.
Through an examination of the POWR Ratings for ABNB, it is observed that the top three noteworthy dimensions are Quality, Momentum, and Growth.
Quality: The Quality of ABNB consistently scored a perfect 100 throughout the monitored period. This dimension has retained a remarkable high rating, indicating the superior quality associated with ABNB.
Momentum: The Momentum dimension shows a clear upward trend over time. Starting off at 72 in March 2023, the momentum rating climbed to 88 by July 2023. Although it saw a slight dip to 81 in August 2023, it continued to maintain a relatively strong rating, ending at 79 as of September 7, 2023.
Growth: The Growth dimension appears to show a declining trend over time. It started at a high of 87 in March 2023 but has consistently decreased over time, registering 68 in July 2023, followed by a steep fall to 42 in August 2023 and further down to 29 by September 7, 2023.
It's interesting to note that while Quality consistently held maximum value and Momentum showed a progressive increase, the Growth rating declined over the course of time for ABNB as per the POWR Ratings.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694180391.0553.png" />
How does Airbnb, Inc. (ABNB) Stack Up Against its Peers?
Other stocks in the Travel - Hotels/Resorts sector that may be worth considering are Genting Berhad (<a href="https://stocknews.com/stock/GEBHY">GEBHY</a>), Bluegreen Vacations Holding Corp. (<a href="https://stocknews.com/stock/BVH">BVH</a>), and Genting Singapore Limited (<a href="https://stocknews.com/stock/GIGNY">GIGNY</a>) -- they have better POWR Ratings.
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<hr />
ABNB shares were trading at $145.85 per share on Friday morning, up $2.58 (+1.80%). Year-to-date, ABNB has gained 70.58%, versus a 17.63% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Subhasree Kar</h2> <img src='https:/wp-content/uploads/2021/06/Subhasree-Kar-HS2.jpg' style="float:left; padding:5px;width:125px;">Subhasree's keen interest in financial instruments led her to pursue a career as an investment analyst. After earning a Master's degree in Economics, she gained knowledge of equity research and portfolio management at Finlatics.<a href="https://stocknews.com/authors/?author=subhasree-kar">More...</a>The post <a href=https://stocknews.com/news/abnb-gebhy-bvh-gigny-airbnb-abnb-is-this-travel-stock-a-buy-in-september/>Airbnb (ABNB): Is This Travel Stock a Buy in September 2023?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Airbnb (ABNB): Is This Travel Stock a Buy in September 2023?

Cruise demand has recovered from pandemic lows. However, does that mean cruise operator Carnival Corporation (CCL) is a smart choice for investors? Let's look at its financial metrics to get an idea… Cruise demand shows a remarkable recovery, with the cruise industry's web traffic increasing <a href="https://www.cruisehive.com/cruise-line-web-traffic-surges-over-25-since-2022/108778">more than 25%</a> between July 2022 and July 2023. Cruise company Carnival Corporation &amp; plc (<a href="https://stocknews.com/stock/CCL">CCL</a>) reported that its second-quarter total bookings reached an all-time high for all future sailings.
However, the company has also <a href="https://www.reuters.com/markets/us/carnival-forecasts-smaller-loss-strong-cruise-demand-higher-pricing-2023-06-26/">increased its marketing spend</a>, even in the face of elevated labor and fuel costs. Due to a slower fall in inflation, CCL has raised its full-year adjusted cruise costs excluding fuel per ALBD (in constant currency) outlook by one and a half points higher than its March guidance.
With persistent inflationary pressures, let's look at the trends of CCL's key financial metrics to understand why it could be wise to avoid the stock now.
Analyzing Financials: Carnival Corporation's Fluctuating Performance from 2020 to 2023"
The trailing-12-month net income trend of CCL shows a fluctuating pattern over the period from August 2020 to May 2023.
<ul>
<li style="font-weight: 400;" aria-level="1">In August 2020, the net income of CCL was -$7.59 billion.</li>
<li style="font-weight: 400;" aria-level="1">The reported net income fell to -$10.24 billion by November 2020, suggesting a significant financial decline.</li>
<li style="font-weight: 400;" aria-level="1">However, the tiers kept intensifying, and by February 2021, the net income had dropped to -$11.43 billion.</li>
<li style="font-weight: 400;" aria-level="1">By May 2021, there was a slight improvement, with the net income moving to -$9.13 billion.</li>
<li style="font-weight: 400;" aria-level="1">This marginal improvement does not last long and is followed by another drop to -$9.50 billion by November 2021.</li>
<li style="font-weight: 400;" aria-level="1">Despite minor fluctuations, the downward trend was consistent as by February 2022, the net income was recorded at -$9.42 billion.</li>
<li style="font-weight: 400;" aria-level="1">By May 2022, it was reported as -$9.18 billion and further reduced to -$7.12 billion by August 2022.</li>
<li style="font-weight: 400;" aria-level="1">An encouraging improvement trend appears starting November 2022 when the net income rises to -$6.09 billion.</li>
<li style="font-weight: 400;" aria-level="1">In succession, February 2023 marks an even more improved figure where the net income shows at -$4.89 billion.</li>
<li style="font-weight: 400;" aria-level="1">The most recent data, as of May 2023, depicts further progress, recorded at -$3.47 billion.</li>
</ul>
Overall, the net income of CCL has been negative throughout the stated period, with a tendency towards a slight improvement in recent times. From August 2020 to May 2023, the growth rate could be calculated as an increase of approximately 54%, from -$7.59 billion to -$3.47 billion, despite the fluctuations in between. This highlights some financial recuperation, predominantly evident in the most recent data.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694605482.91325.png" />
CCL has seen a significant variation in its <a href="https://www.investopedia.com/terms/r/ros.asp">Return On Sales</a> (ROS) over the period from August 2020 to May 2023.
<ul>
<li style="font-weight: 400;" aria-level="1">In August 2020, the ROS was -0.67, indicating a lack of profitability.</li>
<li style="font-weight: 400;" aria-level="1">By November 2020, it steeply dropped to -1.67.</li>
<li style="font-weight: 400;" aria-level="1">A further severe decline to -12.30 was noted by February 2021.</li>
<li style="font-weight: 400;" aria-level="1">The worst level of ROS was marked as -54.20 in May 2021. From this low point, the ROS has gradually recovered.</li>
<li style="font-weight: 400;" aria-level="1">Approximately halved from May 2021 to August 2021 (-11.48).</li>
<li style="font-weight: 400;" aria-level="1">Thereafter, a pattern of reduced losses continued, with ROS of -4.15 in November 2021 and -2.24 in February 2022.</li>
<li style="font-weight: 400;" aria-level="1">As the calendar turned to 2023, CCL's ROS was approaching break-even levels, evident from its ROS figures of -0.21 in February 2023 and -0.086 in May 2023.</li>
</ul>
Overall, despite the fluctuating trend, the ROS of CCL shows a gradual recovery from the historical lows experienced in 2021. Although still reflecting a loss as of May 2023 (-0.086), the curve shows fewer retreats, implying a gradual stabilization in the company's operational efficiency.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694605629.25622.png" />
Here is a summary of the trend and fluctuations in the current ratio of CCL since August 2020:
<ul>
<li style="font-weight: 400;" aria-level="1">Starting at a current ratio of 0.91 in August 2020, there was a steep increase to 1.45 by February 2021.</li>
<li style="font-weight: 400;" aria-level="1">In May 2021, there was a significant dip to 1.17 before decreasing again to 0.94 in August 2021.</li>
<li style="font-weight: 400;" aria-level="1">From November 2021 to November 2022, the current ratio experienced minor fluctuations between 0.97 and 0.74 before eventually climbing slightly to 0.71 in November 2022.</li>
<li style="font-weight: 400;" aria-level="1">However, the current ratio saw a sharp decrease starting from February 2023, ultimately settling at 0.52 by the end of May 2023.</li>
</ul>
The overall trend from August 2020 to May 2023 shows a declining current ratio. The current ratio at the end of the period (May 2023) is significantly lower (0.52) than the starting value in August 2020 (0.91). This represents a negative growth rate of approximately -43% over this period.
It's important to note that the more recent data points from 2022 to 2023 generally show an ongoing decreasing trend. At the end of the series, as of May 31, 2023, the current ratio is measured at 0.52, its lowest value in the reporting period.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694605662.75846.png" />
The analyst price target for CCL displayed a gradual fluctuation over the provided period.
<ul>
<li style="font-weight: 400;" aria-level="1">From November 2021 to December 2021, the reported target remained stable at $25, subsequently experiencing a decline to $24.5 by the end of the month.</li>
<li style="font-weight: 400;" aria-level="1">The first half of 2022 showed minor fluctuations, with the price oscillating between $24.75 and $22. By July, a significant drop to $13.5 was observed.</li>
<li style="font-weight: 400;" aria-level="1">Although the target remained consistent at $13.5 for a couple of months, it eventually lowered further to $10 by October 2022. This low of $10 persisted till April 2023.</li>
<li style="font-weight: 400;" aria-level="1">A slow upward trend began in April 2023, starting from $10.3 to $11.5 by June 2023. Then, there was a noteworthy surge to $12.1 and $14.7 in subsequent weeks.</li>
<li style="font-weight: 400;" aria-level="1">By mid-July 2023, the analyst price target made a considerable leap to $17.5, where it had stabilized and remained until the last recorded date in September 2023.</li>
</ul>
The measured growth rate, considering the starting value is $25 and the last recorded value is $17.5, reveals a decrease of about 30%. This suggests that despite periods of stability and infrequent increases, the overall trend shows a decline in the analyst price target over the analyzed period.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694605741.85022.png" />
Analyzing Carnival Corporation's Six-Month Stock Performance from March to September 2023
The share price of CCL shows an overall upward trend in the period covered by the data, from March 2023 to September 2023. Despite some fluctuations, the figures show growth with a clear acceleration until June 2023 and a subsequent deceleration afterward. Here are the specifics:
<ul>
<li style="font-weight: 400;" aria-level="1">The price started at $8.66 on March 17, 2023.</li>
<li style="font-weight: 400;" aria-level="1">There was steady growth throughout March, reaching $9.68 by March 31</li>
<li style="font-weight: 400;" aria-level="1">In April, the price increased slightly before seeing a dip by the end of the month, going down to $9.03 by April 28.</li>
<li style="font-weight: 400;" aria-level="1">In May, there was a rise again, with the price peaking at $11.05 by May 26.</li>
<li style="font-weight: 400;" aria-level="1">June saw the highest growth rate, with the price reaching up to $15.82 by June 23.</li>
<li style="font-weight: 400;" aria-level="1">Despite reaching its peak in this period at $18.96 on July 7, 2023, the price began to decline thereafter.</li>
<li style="font-weight: 400;" aria-level="1">August 2023 marked a significant deceleration, with the price winding down to $15.826 by August 25.</li>
<li style="font-weight: 400;" aria-level="1">Last in the dataset is September 13, 2023, the price closed at $15.02.</li>
</ul>
Here is a chart of CCL's price over the past 180 days.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694605810.07998.png" />
Analyzing Carnival Corporation's Growth, Momentum, and Value through POWR Ratings
CCL, a stock in the <a href="https://stocknews.com/category/travel-cruises/">Travel - Cruises</a> category, has experienced fluctuation in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> grade during the period under review, ranging from March 18, 2023, to September 14, 2023.
<ul>
<li style="font-weight: 400;" aria-level="1">For the majority of the weeks, CCL's POWR Grade remained at D (Sell).</li>
<li style="font-weight: 400;" aria-level="1">The POWR Grade briefly moved up to C (Neutral) in the week of July 15, 2023, reverted to D (Sell) on the week of July 22, then bounced back again to C (Neutral) in the week of July 29, 2023.</li>
<li style="font-weight: 400;" aria-level="1">From the week of August 5, 2023, the POWR grade tumbled back down to D (Sell) and stayed at that level until the last recorded week of September 14, 2023.</li>
</ul>
However, regarding its rank within the category, CCL shows a constant fluctuation between #3 and #4 positions throughout the evaluated period. The company fell to the #4 position in the week starting May 6, then climbed back to the #3 position in July, only to fall again in August. The latest available data, as of September 14, 2023, indicates that CCL possesses a POWR Grade of D (Sell) and stands last in the Travel - Cruises category of stocks out of a total of four stocks.
Based on the POWR Ratings, the three most noteworthy dimensions for CCL are Growth, Momentum, and Value. 
Growth: The Growth dimension for CCL shows a positive trend, with the ratings consistently increasing over time. The Growth value starts at 81 in March 2023 and quickly climbs, reaching 96 by September 2023. Key points about Growth rating:
<ul>
<li style="font-weight: 400;" aria-level="1">In March 2023, the Growth value stood at 81.</li>
<li style="font-weight: 400;" aria-level="1">Thereafter, this significantly increased to a peak of 96 by September 2023.</li>
</ul>
Momentum: The Momentum dimension also shows a clear upward trend. Starting at a considerably lower rating of 71 in March 2023, it eventually surpasses the 80 mark by May 2023 and continues to hold strong above 80 until a slight drop in September 2023. Observations about Momentum rating:
<ul>
<li style="font-weight: 400;" aria-level="1">The rating was recorded as 71 in March 2023.</li>
<li style="font-weight: 400;" aria-level="1">By May 2023, the Momentum figure had risen to 82.</li>
<li style="font-weight: 400;" aria-level="1">It held steady above 80 until September 2023, when a marginal drop to 78 was noted.</li>
</ul>
Value: The Value component does not show a consistent trend like Growth or Momentum but fluctuates throughout the period from March 2023 to September 2023. In spite of these fluctuations, it's important to note that Value consistently ranks as one of the highest three dimensions throughout the aforementioned period. Significant points on Value rating:
<ul>
<li style="font-weight: 400;" aria-level="1">Value experienced some fluctuations, starting at 34 in March 2023 and reaching up to 43 by April 2023 before gradually falling back to 35 in September 2023.</li>
</ul>
In conclusion, these three dimensions, i.e., Growth, Momentum, and Value, have been the key highlights for CCL based on the POWR Ratings.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1694605892.27662.png" />
How does Carnival Corporation &amp; plc (CCL) Stack Up Against its Peers?
Other travel stocks in the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> sector that may be worth considering are Genting Berhad (<a href="https://stocknews.com/stock/GEBHY/">GEBHY</a>), Bluegreen Vacations Holding Corporation (<a href="https://stocknews.com/stock/BVH/">BVH</a>), and Genting Singapore Limited (<a href="https://stocknews.com/stock/GIGNY/">GIGNY</a>) - they have better POWR Ratings. <a href="https://stocknews.com/category/travel-hotels-resorts/">Click here</a> to explore more Travel - Hotels/Resorts stocks.
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<hr />
CCL shares were trading at $15.54 per share on Thursday afternoon, up $0.52 (+3.46%). Year-to-date, CCL has gained 92.80%, versus a 18.59% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/ccl-gebhy-bvh-gigny-is-carnival-corporation-ccl-a-smart-investment-choice-today/>Is Carnival Corporation (CCL) a Smart Investment Choice Today?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Carnival Corporation (CCL) a Smart Investment Choice Today?

While Airbnb (ABNB) has been garnering investors' attention as it secured a position in the S&P 500, it has seen significant insider selling over the past year. So, is this stock worth buying? Keep reading... Airbnb, Inc. (<a href="https://stocknews.com/stock/ABNB/">ABNB</a>) is demonstrating a steady performance this year, buoyed by sustained high demand within the tourism sector. In addition to that, its recent inclusion in the S&amp;P 500 index has only increased its allure among investors.
However, there are growing apprehensions due to an increasing trend of insider selling during the past year. On September 12, 2023, Brian Chesky, CEO and Chairman, sold <a href="https://finance.yahoo.com/news/insider-sell-airbnb-inc-ceo-051127242.html">150,000 company shares</a>. This is part of a series of such transactions over the course of the past year, where Chesky sold a total of 270,000 shares.
Furthermore, on September 5, Nathan Blecharczyk, the company's Chief Strategy Officer, also disposed of <a href="https://finance.yahoo.com/news/insider-sell-airbnb-incs-chief-210110287.html">20,000 shares</a>, leading to a total of 60,000 shares over the past year without executing any purchases.
Adding to these concerns is <a href="https://www.theguardian.com/us-news/2023/sep/06/airbnb-new-rental-regulation-nyc-housing">New York City's crackdown on Airbnb and short-term rentals went into effect</a> recently, which could lead to ABNB potentially losing millions of dollars in revenue.
Given these uncertainties, it seems prudent to hold out for a more favorable investment opportunity in the stock. Below are some of its key metrics that support my bearish stance.
Tracing ABNB's Financial Performance: Unpacking Data From Net Income to Analyst Price Target
The trend in the trailing-12-month net income of ABNB, starting from December 31, 2020, to June 30, 2023, sees a remarkable turnaround. Here are some key points:
<ul>
<li>On December 31, 2020, ABNB recorded a substantial loss of -$4.58 billion.</li>
<li>By the end of the third quarter in 2021, the net loss had slightly decreased to -$4.29 billion.</li>
<li>The company then noted an immense improvement by year-end 2021, minimizing losses to just -$352.03 million.</li>
<li>Positive growth emerged in the first quarter of 2022, with the company reporting a net income rise to $801.39 million, engendering a distinct shift from a loss in the previous years and quarters.</li>
<li>This upswing continued through 2022, culminating with a net income of $1.89 billion by the end of the year.</li>
<li>The rise in net income carried over to 2023, with the recorded numbers showcasing a steady increase: $2.03 billion at the end of the first quarter and $2.3 billion by the end of the second quarter.</li>
</ul>
The annual growth rate, measured by comparing the last value ($2.3 billion on June 30, 2023) against the first value (-$4.58 billion on December 31, 2020), reveals a significant positive growth trend for ABNB. This mirrors ABNB's successful transition from a period of considerable loss into a trajectory of steady income gain.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1695215568.591.png" />
 The ROA of ABNB displays a gradual improvement over the monitored period.
<ul>
<li>On September 30, 2021, the ROA was negative at -0.33.</li>
<li>A substantial increase in ROA was noted by the end of the year on December 31, 2021, where it reached -0.026.</li>
<li>In the first quarter of 2022, on March 31, the trend turned positive with an ROA of 0.054.</li>
<li>This positive trend continued through 2022, with the ROA reaching 0.079 on June 30 and 0.099 on September 30.</li>
<li>The ROA for ABNB on December 31, 2022, was 0.111.</li>
<li>Progressing into 2023, ABNB experienced a slight uptick to 0.114 on March 31 before hitting 0.125 on June 30.</li>
</ul>
Overall, the data signifies a consistent upward trend in the ROA of ABNB from September 30, 2021, to June 30, 2023. It shows the firm's improved ability to generate profits from its assets.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1695215682.15231.png" />
Analyzing the <a href="https://www.investopedia.com/terms/c/currentratio.asp">Current Ratio</a> of ABNB reveals several fluctuations and a general downward trend from September 2020 through June 2023. Significant Points:
<ul>
<li>Initially, the Current Ratio was recorded at 1.65 in September 2020, reaching a peak of 1.95 by December 2021.</li>
<li>However, from December 2021, it decreased consistently, arriving at the last recorded value of 1.47 in June 2023.</li>
<li>In-between, the ratio underwent several fluctuations. Noticeably sharp falls followed marginal increases, such as between March 2023 (1.85) and June 2023 (1.47)</li>
</ul>
Calculating the growth rate from the first to the last value reveals a decrease of 0.17 or a negative growth of approximately 11%. This data emphasizes the typical volatility seen in financial ratios and highlights the downward trend in ABNB's current ratio over the period from 2020 to 2023.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1695215718.65407.png" />
Here is an analysis of the data from the Analyst Price Target for ABNB:
<ul>
<li>From November 2021 through late February 2022, the Analyst Price Target for ABNB stayed relatively stable at around $194, with slight fluctuations between $194 and $200.</li>
<li>A marked decrease began in May 2022, where the price target dipped below $190 before further plummeting to $140 by mid-August 2022.</li>
<li>ABNB's Analyst Price Target seemed to stabilize again at $125 from late November 2022 until early February 2023.</li>
<li>Beginning in February 2023, the price target again encountered a rise to hover around the range of $143 to $145. This increase was punctuated by a drop to $130 in mid-May 2023.</li>
<li>The most recent data from September 2023 indicates that the Analyst Price Target for ABNB stood at $145.</li>
</ul>
When comparing the first recorded value from November 12, 2021 ($194), to the last from September 20, 2023 ($145), there is a decline of approximately 25.25%. This suggests an overall downward trend across the evaluated period despite intermittent stability and short-lived increases.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1695215780.66908.png" />
Airbnb Inc.'s Stock Evolution: Notable Fluctuations and Key Trends in 2023
From the provided data, the share price of Airbnb Inc. (ABNB) shows a mixed trend initially followed by an accelerated increase up until mid-July 2023, after which the growth seems to decelerate. Below is a detailed chronological description of ABNB's price movements:
<ul>
<li>On March 24, 2023, the share price was $116.66.</li>
<li>There was slight growth to $119.95 on March 31, 2023.</li>
<li>This was followed by a minor dip and fluctuation through April, with prices ranging between $116.17 (April 6, 2023) and $117.48 (April 21, 2023).</li>
<li>In May 2023, the prices witnessed vacillations again, peaking at $119.42 on May 5 before dropping to a low of $106.57 by May 26, 2023.</li>
<li>June 2023 saw a rebound, with the value increasing from $110.86 on June 2, 2023, to $126.67 by the end of the month.</li>
<li>The most significant uptrend took place in July 2023. Starting at $130.63 by July 7, 2023, the share value expanded to $149.80 by July 28, 2023, evidencing rapid growth.</li>
<li>However, this trajectory began to decelerate after reaching its peak in July. The prices fell consistently in August, starting from $145.81 on August 4, 2023, and hitting a low of $125.96 by August 25, 2023.</li>
<li>Finally, in September 2023, we see another rise, with the price reaching $145.57 by September 15 before a slight dip to $142.06 on September 19, 2023.</li>
</ul>
In conclusion, the data indicate an overall upward trend over the assessed period, with some periods of deceleration and acceleration. It's evident that share prices peaked in late July 2023 but started to decelerate thereafter, even though they remained on a broader upward trajectory compared to the initial price in March 2023. Here is a chart of ABNB's price over the past 180 days.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1695215860.1805.png" />
Understanding ABNB's Performance: Analyzing Quality, Momentum, and Growth Dimensions
ABNB has an overall C rating, translating to a Neutral in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. It is ranked #15 out of the 21 stocks in the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> category.
Based on the POWR Ratings for ABNB, the three most noteworthy dimensions are Quality, Momentum, and Growth.
Quality:
<ul>
<li>Consistently, Quality has remained at a high since March 2023 and sustained the perfect score of 100 through September 2023. This signifies that ABNB delivers excellent performance regarding profit margin, free cash flow, and other key financial metrics.</li>
</ul>
Momentum:
<ul>
<li>This dimension started with a score of 73 in March 2023 and saw an optimistic trend, reaching 88 in July 2023. While there is a slight decrease in momentum to 77 by September 2023, the overall forward trend suggests ABNB has a positive price performance.</li>
</ul>
Growth:
<ul>
<li>The Growth score had an initial value of 87 in March 2023. However, it significantly dropped to 30 by September 2023, marking a decreasing trend. Despite this drop, Growth remains a critical dimension to monitor, as it reflects ABNB's earnings growth rate.</li>
</ul>
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1695215927.64579.png" />
How does Airbnb, Inc. (ABNB) Stack Up Against its Peers?
Other stocks in the Travel - Hotels/Resorts sector that may be worth considering are Genting Berhad (<a href="https://stocknews.com/stock/GEBHY">GEBHY</a>), Bluegreen Vacations Holding Corp. (<a href="https://stocknews.com/stock/BVH">BVH</a>), and           Genting Singapore Limited (<a href="https://stocknews.com/stock/GIGNY">GIGNY</a>) -- they have better POWR Ratings.
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<hr />
ABNB shares were trading at $141.06 per share on Wednesday afternoon, down $0.79 (-0.56%). Year-to-date, ABNB has gained 64.98%, versus a 17.34% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Subhasree Kar</h2> <img src='https:/wp-content/uploads/2021/06/Subhasree-Kar-HS2.jpg' style="float:left; padding:5px;width:125px;">Subhasree's keen interest in financial instruments led her to pursue a career as an investment analyst. After earning a Master's degree in Economics, she gained knowledge of equity research and portfolio management at Finlatics.<a href="https://stocknews.com/authors/?author=subhasree-kar">More...</a>The post <a href=https://stocknews.com/news/abnb-gebhy-bvh-gigny-airbnb-abnb-what-is-the-investment-potential-of-this-travel/>Airbnb (ABNB): What Is the Investment Potential of This Travel Stock?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Airbnb (ABNB): What Is the Investment Potential of This Travel Stock?

Despite robust strategic portfolio expansions, leading hotel company Marriott International (MAR) stock is currently on a downtrend. Let us analyze whether smart money is following the company. Read more... Renowned hotel chain company Marriott International, Inc. (<a href="https://stocknews.com/stock/MAR/">MAR</a>) has <a href="https://www.nasdaq.com/market-activity/stocks/mar/institutional-holdings">institutional ownership of approximately 60.4%</a>, with 1,292 institutional holders collectively holding 179,999,136 shares of the company. Robust smart money interest in a stock signifies that prominent and well-established institutional investors have confidence in the stock's potential.
While MAR boasts robust smart money, I think it might be wise to wait for a better entry point in the stock for the reasons discussed throughout the entire article.
The global hotel and other travel accommodation market grew from $747.32 billion in 2022 to $846.64 billion in 2023 at a <a href="https://www.globenewswire.com/en/news-release/2023/06/09/2685570/28124/en/Global-Hotel-and-Other-Travel-Accommodation-Market-Report-2023-Increasing-use-of-Social-Media-and-Access-to-Mass-Media-Drives-Growth.html#:~:tex">CAGR of 13.3%</a>.
The growing use of social media and mass media is significantly benefiting the tourism and hotel industries. Tourists sharing their travel experiences on social platforms are raising awareness about various destinations and recreational offerings worldwide.
Moreover, the hotel industry is adopting transformative technologies to enhance customer experiences and achieve cost savings. As a result, the hotel and other travel accommodation market is expected to grow to $1.05 trillion in 2027 at a <a href="https://www.researchandmarkets.com/reports/5781103/hotel-other-travel-accommodation-global-market">CAGR of 5.5</a>%.
Looking ahead, MAR anticipates stable global economic conditions throughout the year, with continued resilience in travel demand. However, there is an expectation of slightly higher RevPAR growth internationally compared to the U.S. &amp; Canada, where RevPAR growth is settling into more typical seasonal patterns.
Shares of MAR have gained 31.1% year-to-date but fell 2.3% over the past month to close its last trading session at $195.17. In addition, shares of MAR are trading under the 50-day moving average of $200.80, indicating a downtrend. Also, it has a 60-month beta of 1.59.
Here are some factors that could influence MAR's performance in the upcoming months:
Partnership with MGM Resorts 
In July 2023, MAR announced that it had entered a 20-year licensing agreement with MGM Resorts International (<a href="https://stocknews.com/stock/MGM/">MGM</a>), allowing loyalty members to earn and redeem points for stays at MGM properties. They launched the "MGM Collection with Mariott Bonvoy," enabling members to use points at 17 MGM resorts across the United States and Canada.
This partnership aims to replicate the success of their 2021 franchise agreement for the Cosmopolitan Hotel in Las Vegas. Mar's net unit growth is expected to increase by 2.4% from this deal, exceeding 5% for the first time since 2015. MAR will earn fees on total room revenue from MGM Resorts, contributing to anticipated long-term sustainable growth.
Other Positive Developments
On August 24, MAR entered into a partnership with HDFC Bank in India to introduce the country's inaugural co-branded hotel credit card. The credit card aims to leverage the aspirations of the emerging middle class within the nation.
Moreover, on August 14, MAR's Delta Hotels announced the expansion of its global presence with its first hotel in New York City, the Delta Hotels by Marriott New York Times Square. This new addition to the Marriott Bonvoy portfolio offers stunning views of the city lights and embodies the brand's 'Simple Made Perfect' philosophy.
Located in the heart of Manhattan at 340 West 40th Street in Times Square, the hotel prioritizes essential details to provide a seamless and comfortable stay, with 310 guest rooms designed with craftsmanship and a modern aesthetic.
Robust Performance
In terms of performance, the second quarter saw global <a href="https://www.investopedia.com/terms/r/revpar.asp">RevPAR</a> increase by 13.5% (12.7% in actual dollars) compared to the same quarter in 2022. RevPAR grew by 6.0% (5.7% in actual dollars) in the U.S. and Canada, while international markets experienced a 39.1% increase (36.0% in actual dollars).
Mixed Financials
In the fiscal second quarter that ended June 30, 2023, MAR's total revenues increased 13.8% year-over-year to $6.10 billion. The company's adjusted operating income increased 22% year-over-year to $1.04 billion. Its adjusted net income rose 16% over the prior-year quarter to $690 million. In addition, its adjusted EPS came in at $2.26, representing a 26% increase over the prior-year quarter.
However, in the same quarter, MAR's total expenses rose 13.5% from the year-ago quarter to $4.98 billion.
Elevated Valuation
MAR's forward non-GAAP P/E of 22.66x is 61.4% higher than the 14.04 industry average. Its forward EV/Sales and P/S multiples of 2.93 and 2.44 are 159.8% and 191.8% higher than the industry averages of 1.13 and 0.84.
In addition, MAR's forward EV/EBIT and EV/EBITDA multiples of 15.09 and 17.60 are 63.5% and 35.1% higher than the 9.23 and 13.03 industry averages.
Mixed Profitability
MAR's trailing-12-month EBIT and EBITDA margins of 67.7% and 72.35% are 812.1% and 557.2% higher than the 7.42% and 11.01 industry averages.
However, MAR's trailing-12-month asset turnover ratio of 0.24x is 76.1% lower than the industry average of 1x. Its trailing-12-month cash per share of $1.88 is 21.8% lower than the $2.40 industry average.
POWR Ratings Show Mixed Prospects
MAR has an overall C rating, equating to a Neutral in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. MAR has a C grade for Stability, consistent with its 24-month beta of 1.03.
Also, its C grade in Quality aligns with its mixed profit margins.
Among the 21 stocks in the A-rated <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel – Hotels/Resorts</a> industry, MAR is ranked #15. <a href="https://stocknews.com/stock/MAR/">Click here</a> to access MAR's ratings for Growth, Value, Momentum, Sentiment, and Quality.
Bottom Line
MAR has an institutional investment of more than 60%, which indicates the smart money's solid interest in the stock.
Moreover, as a result of its robust portfolio and strategic partnerships, the company raised its full-year rooms growth and earnings guidance, expecting to return $4.10 billion to $4.50 billion to shareholders in 2023.
However, considering the company's stretchy valuation, mixed profitability, and high beta, I think investors could wait for a better entry point in the stock.
How Does Marriott International, Inc. (MAR) Stack Up Against Its Peers?
MAR has an overall POWR Rating of C, equating to a Neutral rating. Other <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel – Hotels/Resorts</a> stocks with a B (Buy) rating include Genting Berhad (<a href="https://stocknews.com/stock/GEBHY/">GEBHY</a>), Bluegreen Vacations Holding Corporation (<a href="https://stocknews.com/stock/BVH/">BVH</a>), and Genting Singapore Limited (<a href="https://stocknews.com/stock/GIGNY/">GIGNY</a>). For more Buy-rated Travel-Hotels/Resorts set to outperform, <a href="https://stocknews.com/category/travel-hotels-resorts/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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<hr />
MAR shares were trading at $196.14 per share on Friday morning, up $0.97 (+0.50%). Year-to-date, MAR has gained 32.79%, versus a 14.69% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/mar-gebhy-bvh-gigny-mgm-is-smart-money-following-marriott-international-mar/>Is Smart Money Following Marriott International (MAR)?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Smart Money Following Marriott International (MAR)?

Airbnb (ABNB) is currently facing new regulations implemented for short-term rentals, which could impact the company's growth. However, Street analysts expect stable growth in the last quarter. With the company set to release its third-quarter financial results on November 1, 2023, is the stock a buy today? Read on... Airbnb, Inc. (<a href="https://stocknews.com/stock/ABNB/">ABNB</a>) has been making headlines as new restrictions are being imposed. On September 5, New York City enforced what Airbnb terms a "de facto ban" on its short-term rental platform, triggering a sharp reduction in listings within the city, one of its chief markets. Furthermore, Canada is contemplating introducing new regulations for short-term rentals, which would affect Airbnb considerably.
Many analysts predict an imminent <a href="https://finance.yahoo.com/news/airbnb-lead-real-estate-market-180212436.html">crash in real estate prices</a>, suggesting a substantial shift looming in the real estate sector. Author of "Rich Dad Poor Dad," Robert Kiyosaki, believes that Airbnb will be instrumental in precipitating this market crash.
Adding to this negative sentiment, David Bernstein, Chief Accounting Officer of ABNB, sold <a href="https://finance.yahoo.com/news/insider-sell-airbnb-incs-chief-131142570.html">3,402 shares</a> of the firm on October 17, 2023. This disposal of stocks is not an isolated incident but part of a larger trend; over the previous year, Bernstein has sold 57,014 shares without any purchases. Over the past year, there have been 92 insider sales without a single case of insider buying.
Such a move, especially preceding the forthcoming earnings report, could indicate diminishing confidence in the company's financial performance.
Additionally, analysts project ABNB's revenue and EPS growth to be 16.8% and 17.4% year-over-year in the soon-to-be-reported quarter, ended September 2023.
Nonetheless, predictions for <a href="https://finance.yahoo.com/news/airbnb-sell-calls-record-amid-100233226.html">travel expenditure to continue dipping following the post-COVID spike</a> could imply that revenue growth might slow down. Consequently, now may not be the opportune moment to invest in Airbnb stock as we scrutinize the critical aspects of ABNB's performance.
Analyzing ABNB's Financial Performance (2020 - 2023)
Summary of ABNB trailing-12-month net income Trend and Fluctuations
<ul>
<li>On December 31, 2020, ABNB reported a significant Net Income loss of -$4.58 billion.</li>
<li>There was a slight decrease in loss by September 30, 2021, to -$4.29 billion, but overall, the company continued to operate at a loss.</li>
<li>By the end of 2021, the loss had been significantly reduced, with the net income reported on December 31, 2021, being -$352 million.</li>
<li>An impressive turnaround was witnessed in 2022; as of March 31, ABNB reported a positive Net Income of $801 million.</li>
<li>This positive trend continued with the company posting increasing profits throughout 2022: $1.25 billion in June, $1.63 billion in September, and topping the year with $1.89 billion in December.</li>
<li>ABNB managed to keep its financial footing into 2023, with first-quarter earnings reaching $2.03 billion and second-quarter earnings rising further to $2.3 billion.</li>
</ul>
In general, ABNB exhibited a remarkable upward trend from operating at a heavy loss (-$4.58 billion) in 2020 to achieving an impressive profit ($2.3 billion) in June 2023. This signifies a significant change in fortunes for the company, highlighting a growth rate of around 150% when measuring from the first value to the last. The most recent data (for 2023) shows the company maintaining this positive trajectory.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1698752986.79789.png" />
Looking at the trailing-12-month revenue trend for ABNB, we observe a consistent and significant upward trajectory over the span from December 31, 2020, to June 30, 2023.
<ul>
<li>On December 31, 2020, ABNB's Revenue was $3.38 billion.</li>
<li>By the end of the third quarter in 2021 (September 30, 2021), the Revenue had risen to $5.32 billion.</li>
<li>As the year closed on December 31, 2021, ABNB reported a further increase to $5.99 billion.</li>
<li>Entering into 2022, by the end of the first quarter (March 31, 2022), the Revenue had grown to $6.61 billion.</li>
<li>In the second quarter of 2022 (June 30, 2022), ABNB's Revenue witnessed another substantial growth to $7.38 billion.</li>
<li>On September 30, 2022, the end of the third quarter, it reached an impressive $8.03 billion.</li>
<li>The total Revenue of 2022 increased yet again, reaching $8.4 billion by December 31, 2022.</li>
<li>On March 31, 2023, ABNB marked another increase to $8.71 billion.</li>
<li>As of the last recorded date, on June 30, 2023, ABNB's revenue rose to $9.09 billion.</li>
</ul>
In terms of growth rate, from the first recorded Revenue value of $3.38 billion on December 31, 2020, to the last logged value of $9.09 billion on June 30, 2023, ABNB's Revenue has shown an impressive growth rate of approximately 169%. Despite some slight fluctuations in the progression, the overall trend demonstrates healthy and steady growth in Revenue for ABNB over this period. The emphasis on recent data also points to a promising financial perspective for ABNB moving forward.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1698753046.4988.png" />
The data presents the <a href="https://www.investopedia.com/terms/c/currentratio.asp">Current Ratio</a> of ABNB over a span from December 2020 to June 2023. Following are the highlights of the trend and fluctuations:
<ul>
<li>The company began with a Current Ratio of 1.735 on December 31, 2020, and ended at a ratio of 1.472 on June 30, 2023.</li>
<li>The overall trend, as signified by the decrease in the Current Ratio from the initial to final values, points to a decrement of about 15%.</li>
<li>ABNB witnessed noticeable fluctuations throughout the given period. There's a consistent trend where the Current Ratio decreases each quarter's end, followed by an increase in the last quarter before falling again.</li>
<li>The largest decline was from March 31, 2021, to June 30, 2021 where the value decreased from 1.662 to 1.484.</li>
<li>Contrastingly, the most substantial upsurge is seen between June 30, 2021, and September 30, 2021, where the Current Ratio jumped to 1.863 from 1.484.</li>
<li>The Current Ratio had its peak at 1.948 on December 31, 2021, and the lowest at 1.472 on June 30, 2023.</li>
<li>If we place higher emphasis on the most recent data, it can be observed that in the six months leading up to June 2023, the ratio fell from 1.863 (December 31, 2022) to 1.472 (June 30, 2023), indicating poor short-term liquidity or higher current liabilities compared to current assets.</li>
</ul>
In conclusion, the fluctuations suggest that ABNB's Current Ratio has been relatively unstable throughout the observed period, with trends of short-term decreases followed by upturns.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1698753211.57796.png" />
The series of data for the Analyst Price Target of ABNB reflects gradual trend changes and some notable fluctuations over time.
<ul>
<li>The Analyst Price Target remained relatively stable at around $194 from November 2021 to February 2022.</li>
<li>In late February 2022, there was a short uptick to $200, but this quickly decreased again to $194 by April 2022.</li>
<li>A significant decrease was observed in May 2022, hitting a low of $180.83 in early June 2022. This drop continued, reaching a bottom of $140 in August 2022 with some minor fluctuations.</li>
<li>The price remained stagnant at $140 through October 2022 before it dropped further to $125 in November 2022, where it stayed till January 2023.</li>
<li>Early 2023 showed signs of recovery, with increases through February and March, reaching a peak of $143.5 by early March 2023. However, this was followed by a quick decline in mid-May to $130.</li>
<li>The last months of the data, from late July 2023 till October 2023, show another upward trend, reaching $145, the final value in the series.</li>
</ul>
The growth rate of the Analyst Price Target over the course of this data series, measured from the first value ($194) to the last value ($145), indicates a decrease of -25.26%.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1698753321.06421.png" />
ABNB's Six-Month Rollercoaster: Price Fluctuations and Decelerating Trend Overview
Analyzing the data from May 2023 to October 2023, the share price of ABNB experienced fluctuations but showed an overall decelerating trend with periods of growth:
<ul>
<li>On May 5, 2023, the price stood at $118.36.</li>
<li>It then dipped to its lowest in this time frame on May 26, 2023, to $106.58.</li>
<li>A steady climb was seen as it peaked at $149.80 on July 28, 2023.</li>
<li>This was followed by a sharp drop to $125.96 on August 25, 2023.</li>
<li>The share price recovered and reached $145.57 by September 15, 2023.</li>
<li>This surge was short-lived as it fell down again to close at $116.92 on October 30, 2023.</li>
</ul>
As such, despite the peaks and troughs of the share value, the overall accelerating growth rate from late May to late July suffered a subsequent deceleration from late July to the end of October. Here is a chart of ABNB's price over the past 180 days.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1698753415.74047.png" />Assessing ABNB's Quality, Momentum, and Growth: A Review from May to October 2023
ABNB has an overall C rating, translating to a Neutral in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. It is ranked #15 out of the 21 stocks in the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> category.
The three most noteworthy dimensions for ABNB are Quality, Momentum, and Growth. Here is a brief review of these dimensions from May to October 2023:
Quality
<ul>
<li>In May 2023, the quality rating was 100.</li>
<li>This score remained consistent throughout the observed period until October 2023, indicating solid and steady quality.</li>
</ul>
Momentum
<ul>
<li>In May 2023, the momentum rating was at 82.</li>
<li>The rating hit a high of 88 in July 2023 and experienced a gradual decline thereafter, settling at 73 in October 2023. This indicates a strong but slowly decreasing momentum trend.</li>
</ul>
Growth
<ul>
<li>The growth dimension started at 74 in May 2023.</li>
<li>Despite fluctuating, it overall decreased over the observed period, reaching 32 in October 2023, showing a clear downward trend.</li>
</ul>
In summary, while ABNB demonstrated strong Quality ratings consistently, it showed decreasing Growth and Momentum ratings over this period. While its Momentum score is still high, declining growth could be a point of concern for future performance.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1698753507.75559.png" />
How does Airbnb, Inc. (ABNB) Stack Up Against its Peers?
Other stocks in the Travel - Hotels/Resorts sector that may be worth considering are Genting Berhad (<a href="https://stocknews.com/stock/GEBHY">GEBHY</a>), Bluegreen Vacations Holding Corp. (<a href="https://stocknews.com/stock/BVH">BVH</a>), and Genting Singapore Limited (<a href="https://stocknews.com/stock/GIGNY">GIGNY</a>) -- they have better POWR Ratings.
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<hr />
ABNB shares were trading at $116.43 per share on Tuesday morning, down $0.52 (-0.44%). Year-to-date, ABNB has gained 36.18%, versus a 9.94% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Subhasree Kar</h2> <img src='https:/wp-content/uploads/2021/06/Subhasree-Kar-HS2.jpg' style="float:left; padding:5px;width:125px;">Subhasree's keen interest in financial instruments led her to pursue a career as an investment analyst. After earning a Master's degree in Economics, she gained knowledge of equity research and portfolio management at Finlatics.<a href="https://stocknews.com/authors/?author=subhasree-kar">More...</a>The post <a href=https://stocknews.com/news/abnb-gebhy-bvh-gigny-airbnb-abnb-earnings-spotlight-is-the-travel-stock-a-buy/>Airbnb (ABNB) Earnings Spotlight: Is the Travel Stock a Buy or Sell?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Airbnb (ABNB) Earnings Spotlight: Is the Travel Stock a Buy or Sell?

Airbnb (ABNB) posted robust third-quarter financials, beating analyst expectations. Should investors buy the stock now? Let's look at its financial metrics to know more… Popular homestay provider Airbnb, Inc. (<a href="https://stocknews.com/stock/ABNB">ABNB</a>) reported robust third-quarter financials on the backs of a record summer travel season and international expansion. For the fiscal third quarter (ended September 30), ABNB's revenue increased 17.8% year-over-year to $3.40 billion, compared with the <a href="https://www.reuters.com/business/airbnb-forecasts-fourth-quarter-revenue-below-estimates-demand-slowdown-fears-2023-11-01/">average analyst estimate of $3.37 billion</a>.
However, the company is seeing heightened volatility in the fourth quarter as uncertain economic conditions and geopolitical issues pressure the company's operations. ABNB projects fourth-quarter revenue between $2.13 billion and $2.17 billion, lower than average analysts' estimate of $2.18 billion.
Given this uncertain backdrop, let's look at the trends of ABNB's key financial metrics to understand why it could be prudent to watch and wait for a better entry point in the stock.
ABNB's Financial Performance Trend Analysis
The trailing-12-month revenue for ABNB shows a clear upward trend from December 2020 to September 2023. The data reveals several key trends and fluctuations:
<ul>
<li style="font-weight: 400;" aria-level="1">Starting at a revenue of $3.38 billion in December 2020, there is significant growth over the given period.</li>
<li style="font-weight: 400;" aria-level="1">The revenue increased consistently through 2021, ending September 2021 at $5.32 billion and demonstrating a noticeable growth pattern.</li>
<li style="font-weight: 400;" aria-level="1">This trend of growth continued into 2022, with periodic increases in revenue reported each quarter: $6.61 billion in March, $7.38 billion in June, $8.03 billion in September, ending the year at $8.4 billion in December.</li>
<li style="font-weight: 400;" aria-level="1">Through 2023, this positive growth persists yet again, reaching a high of $9.6 billion in September 2023.</li>
</ul>
Overall, the total growth from December 2020 ($3.38 billion) to September 2023 ($9.6 billion) represents a significant increase in revenue. This results in a growth rate of approximately 184%, illustrating a robust performance by ABNB.
During this period, there are no drastic dips suggestive of instability, with the revenue stream increasing relatively progressively. The most recent data point, as of September 2023, shows a revenue figure of $9.6 billion, the highest in the series, encouraging for ABNB's financial trajectory.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699610284.35842.png" />
The <a href="https://www.investopedia.com/terms/r/returnoninvestmentcapital.asp">ROIC</a> data series for ABNB showcases an upward trajectory with occasional fluctuations.
<ul>
<li style="font-weight: 400;" aria-level="1">On September 30, 2021, the ROIC was recorded at -1.69.</li>
<li style="font-weight: 400;" aria-level="1">By December 31, 2021, the ROIC had improved to 0.051.</li>
<li style="font-weight: 400;" aria-level="1">In the first quarter of 2022, the value further increased to 0.36 on March 31.</li>
<li style="font-weight: 400;" aria-level="1">Following this trend, it rose to 0.56 by June 30, 2022, and reached 0.78 on September 30, 2022.</li>
<li style="font-weight: 400;" aria-level="1">The upward trend continued till December 31, 2022, with a ROIC of 0.98 recorded.</li>
<li style="font-weight: 400;" aria-level="1">Starting from 2023, the figure experienced an amplified surge, reaching 1.16 on March 31 and reaching its maximum of 1.38 on June 30.</li>
<li style="font-weight: 400;" aria-level="1">However, the strong growth met resistance as a fall on September 30, 2023, brought the ROIC down to 1.16.</li>
</ul>
Focusing on the most recent figures, it is evident that the ROIC peaked in June 2023 before falling sharply by September 2023. Nevertheless, since the initial measurement in September 2021, ABNB has experienced remarkable growth in ROIC, as reflected in the growth rate calculation from -1.69 to 1.16. This represents a substantial turnaround of more than 168.6% over the period.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699610342.34325.png" />
Here's a summary of the trend and fluctuations in the current ratio of ABNB:
<ul>
<li style="font-weight: 400;" aria-level="1">Starting from December 2020, ABNB reported a current ratio of 1.73.</li>
<li style="font-weight: 400;" aria-level="1">Throughout the next year, there were somewhat moderate fluctuations in the current ratio, with a notable trough by June 2021 at 1.48, followed by a significant peak at the end of the same year to 1.95.</li>
<li style="font-weight: 400;" aria-level="1">Similarly, the year 2022 saw fluctuations in ABNB's current ratio, decreasing to 1.58 by June but peaking back by the year-end to 1.86.</li>
<li style="font-weight: 400;" aria-level="1">In 2023, ABNB experienced an initial dip in their current ratio, reaching a low of 1.47 by June before rebounding to 1.78 by September.</li>
</ul>
This data shows some degree of volatility in ABNB's current ratio, with a pattern of rise and decline that seems to repeat annually. However, there is a general downward trend, as supported by the calculated growth rate.
From the first value in December 2020 (1.73) to the most recent value in September 2023 (1.78), we can calculate a rough growth rate of about -7%. The latest available data point from September 2023 shows a current ratio of 1.78, indicating a substantial decrease compared to the value of 1.95 at the end of the 2021 period, which was the highest in this series.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699610452.14164.png" />
The Analyst Price Target (APT) for ABNB had undergone several fluctuations throughout the period, illustrating moderate volatility in its performance. To summarize the trend:
<ul>
<li style="font-weight: 400;" aria-level="1">The APT remained relatively stable at $194 from November 12, 2021, to February 18, 2022, with minor variations with a slight peak to $200 on February 25, 2022.</li>
<li style="font-weight: 400;" aria-level="1">Thereafter, the APT saw a gradual decline, bottoming at $140 by August 12, 2022, and it continued to stay at $140 until November 11, 2022.</li>
<li style="font-weight: 400;" aria-level="1">On November 11, 2022, the APT decreased to $131.1 and continued to decline gently to reach $125 by December 2, 2022, staying stable until February 3, 2023.</li>
<li style="font-weight: 400;" aria-level="1">Since February 3, 2023, the APT has started to increase, reaching a peak of $143.5 on March 3, 2023, and maintaining that level until May 12, 2023. After that, there were noticeable fluctuations, with the APT dropping to $130 on May 19, 2023.</li>
<li style="font-weight: 400;" aria-level="1">In the recent data, from July 21, 2023, the APT rose again to reach $145 by August 25, 2023, and maintained this price until October 27, 2023.</li>
<li style="font-weight: 400;" aria-level="1">There was a noticeable drop to $135.4 on November 10, 2023, which was the APT's last recorded value.</li>
</ul>
In terms of growth rate, measuring from the first value on November 12, 2021, to the last recorded value on November 10, 2023, the APT has undergone a decrease of approximately 30%. This implies that despite intermittent rises, the overall APT trajectory for ABNB has been on a gradual decline over the course of the specified period of around two years.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699610533.95673.png" />
An Overview of ABNB's Share Price Fluctuations from May to November 2023
The trend of the ABNB share price from May 2023 to November 2023 can be broken down as follows:
<ul>
<li style="font-weight: 400;" aria-level="1">In May 2023, the share price witnessed a slight decrease from $107.69 on May 19 to $106.58 on May 26.</li>
<li style="font-weight: 400;" aria-level="1">During June 2023, there was a consistent increase observed in the share prices of ABNB. The share price rose from $110.86 on June 2 to $126.67 on June 30.</li>
<li style="font-weight: 400;" aria-level="1">In July 2023, the upward trend continued, with the share price reaching its peak for this period at $149.80 on July 28.</li>
<li style="font-weight: 400;" aria-level="1">The first half of August 2023 saw a dip in the share price from $145.81 on August 4 to $125.96 on August 25.</li>
<li style="font-weight: 400;" aria-level="1">In early September 2023, the share price rebounded to $145.57 but started to decline again towards the end of the month, ending at $134.68.</li>
<li style="font-weight: 400;" aria-level="1">Throughout October 2023, the downward trend continued, with the share price going from $128.72 at the start of the month to $118.36 by the end of October.</li>
<li style="font-weight: 400;" aria-level="1">Finally, in November 2023, the share price closed at $115.52 on November 9.</li>
</ul>
In terms of growth rate, there is an overall decreasing trend observed from July to November, following an initial period of growth from May to July. The growth rate accelerates from June until the end of July when it reaches its peak price.
Subsequently, the trend changes direction and decelerates from August until November. The period from May to July highlights a phase of positive growth, while the period from the end of July to November points to a decline in share price. Here is a chart of ABNB's price over the past 180 days.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699610603.14807.png" />
Analyzing ABNB's Performance: Quality, Momentum, and Growth from May-November 2023
The <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> grade of ABNB, which falls under the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> category of stocks consisting of 20 total entities, has shown consistent values in the past months. According to the latest data:
<ul>
<li style="font-weight: 400;" aria-level="1">The POWR grade as of November 10, 2023, is C (Neutral).</li>
<li style="font-weight: 400;" aria-level="1">In terms of its rank within its category, it occupies position #10, which denotes a superior rank.</li>
</ul>
This signifies its stable performance within its category. It's also worth mentioning that from May 20, 2023, until November 9, 2023, ABNB maintained the same POWR grade C (Neutral).
The rank in the category varied slightly during these months, generally staying within mid-category rankings. During this period, the rank in the category fluctuated between #14 and #17, showing no major jumps or drops.
In the POWR Ratings for ABNB, we can identify the three most noteworthy dimensions: Quality, Momentum, and Growth. 
Quality: The Quality dimension for ABNB maintains the highest possible rating throughout all the given time frames. Consistently rated at 100, it indicates that the company's financial health is solid and robust from May 2023 to November 2023. 
Momentum: Momentum is another high-ranking dimension for ABNB. Starting at a strong 84 in May 2023, the rating sees a steady increase to reach 88 in July 2023. Despite a slight downturn witnessed as it scored 73 in October 2023, this quickly rebounded to 72 by November 9, 2023. This suggests a slightly fluctuating yet generally positive market trend for ABNB during this period. 
Growth: Lastly, the Growth dimension presents an interesting trajectory. ABNB's Growth begins with a 67 out of 100 rating in May 2023, modestly peaking at 69 in June 2023. From there, it vacillates downward to settle at 41 by November 9, 2023. The consistent change in Growth highlights that ABNB experienced some varying degrees of growth during these months.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699610651.55029.png" />
How does Airbnb, Inc. (ABNB) Stack Up Against its Peers?
Other stocks in the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> sector that may be worth considering are Genting Berhad (<a href="https://stocknews.com/stock/GEBHY">GEBHY</a>), Genting Singapore Limited (<a href="https://stocknews.com/stock/GIGNY">GIGNY</a>), and InterContinental Hotels Group PLC (<a href="https://stocknews.com/stock/IHG">IHG</a>) - they have better POWR Ratings. <a href="https://stocknews.com/category/travel-hotels-resorts/">Click here</a> to see more Travel - Hotels/Resorts stocks.
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<hr />
ABNB shares were trading at $117.55 per share on Friday afternoon, up $2.03 (+1.76%). Year-to-date, ABNB has gained 37.49%, versus a 16.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/abnb-gebhy-gigny-ihg-is-airbnb-abnb-a-solid-buy-after-shocking-earnings-surprise/>Is Airbnb (ABNB) a Solid Buy After Shocking Earnings Surprise?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Airbnb (ABNB) a Solid Buy After Shocking Earnings Surprise?

Third Avenue Value Fund Q1 2024 Portfolio Manager Commentary

Genting Singapore goes ex dividend tomorrow

Genting Singapore Limited is one of the largest gaming and luxury integrated resort developers in Southeast Asia, with a high market share of VIP gaming.

Asian Stock: Genting Singapore

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Genting Singapore PLC (OTC: <a class="ticker" href="/stock/gigny#OTC">GIGNY</a>) reported a 30% decline in its net profit for the fourth quarter.

Genting Singapore's quarterly net profit fell to 119 million Singapore dollars (US$87 million), from S$170 million, in the year-ago period. 

Its revenue shrank 8% to S$638 million. Gaming revenue slipped 9% to S$461.3 million.

Adjusted earnings before interest, tax, depreciation and amortisation dropped 24% to S$190.2 million.

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Tuesday, February 24, 2015