This month we analysed $ABNB (Airbnb Inc) debating if and when to add it to the portfolio.

We decided to start a long position based on several factors. First we believe the stock price was penalised by weak returns result of the pandemic, travel restrictions and closed borders all over the world. This trend started to change with a steady increase in vaccination numbers and data showing effectiveness of the vaccine, showing encouraging prospects for this year and the next. There is hope that borders will start to open fully and travel restrictions will be minimised (at least for vaccinated individuals).

With this in mind we think travel will slowly restart and get into a good rhythm in the short term and the company will benefit from this. Reclaiming probably the over $200 level per share it used to hold.

Company fundamentals are intact, the business model is very attractive, it's a very popular application with pretty low operative costs and still a very high growth prospect mid to long term.

Company earnings are due on the 12th, and we hope that we will see data on it to back this trend change, turning the spotlight into the company once again for investors.

Cheers,
Sebastian
www.etoro.com/people/sebastianboccar