Airbnb, Inc.

Ground-floor opportunities in transformative technologies don't come along often. We're in a unique moment in which two revolutionary sectors -- quantum computing and electric aviation -- are transitioning from research labs to commercial reality. I've identified two companies at the forefront of this transition: IonQ (NYSE: IONQ) and Joby Aviation (NYSE: JOBY).
These investments carry significant risk -- studies show about 90% of early-stage technology companies disappear within their first decade through bankruptcy, forced mergers, or buyouts. However, those who succeed in reshaping industries can generate life-changing returns. Let's examine why these two pioneers warrant consideration despite their speculative nature.
Quantum computing pioneer
IonQ sits at the forefront of quantum computing, an emerging technology that could revolutionize everything from drug discovery to financial modeling. In its third-quarter 2024 results released Nov. 6, the company reported revenue of $12.4 million, representing 102% growth over the same period last year.
More telling than the revenue growth is IonQ's strategic positioning. The company secured a $54.5 million contract with the U.S. Air Force Research Lab in the third quarter and announced partnerships with industry giants like AstraZeneca and Ansys. These relationships validate IonQ's technology while creating multiple paths to commercialization.
The market has taken notice -- IonQ's stock has surged 147% from Jan. 1 through Nov. 26, 2024. This momentum isn't just retail speculation. Securities and Exchange Commission (SEC) filings show Citadel Advisors, led by billionaire Kenneth Griffin, has steadily built a 2.56% stake since early 2021, suggesting sophisticated investors see long-term potential in IonQ's technology leadership.
This institutional confidence aligns with broader industry projections. Fortune Business Insights forecasts the quantum computing market to expand from $885.4 million in 2023 to $12.6 billion by 2032, as quantum systems begin solving real-world problems that overwhelm traditional computers.
Electric aviation innovator
Joby Aviation is working to revolutionize urban transportation through electric vertical takeoff and landing (eVTOL) aircraft. While still pre-revenue, Joby's execution against major technical and regulatory milestones suggests a company methodically building the foundation for a new transportation category.
The company's third production prototype completed successful exhibition flights at Toyota's Higashi-Fuji Technical Center in Japan, according to Joby's Nov. 6 earnings release. That relationship deepened in the third quarter when Toyota committed an additional $500 million investment. This vote of confidence from the world's largest automaker provides both capital and crucial manufacturing expertise.
The broader eVTOL market opportunity is substantial. Analysis from Exactitude Consultancy released Nov. 14, 2024, projects growth from $1.76 billion in 2024 to $24.1 billion by 2031. While Joby's stock has gained a modest 18.8% from Jan. 1 through Nov. 26, 2024, SEC filings reveal Citadel Advisors has been accumulating shares since late 2022 -- a sign that sophisticated investors recognize the company's first-mover advantages in this emerging space.
Taking the long view
My investment approach with both companies focuses on their potential to become foundational players in transformative industries. Both are pre-revenue or early revenue, operating in nascent markets with significant regulatory and technological hurdles ahead. However, their intellectual property moats, strategic partnerships, and expanding commercial opportunities create compelling risk-reward profiles for patient investors.
I plan to continue building positions in both companies over the next five years while maintaining at least a 10-year holding period. This approach provides time for their technologies to mature while managing position-level risk through gradual accumulation.
For investors willing to embrace volatility in pursuit of asymmetric returns, IonQ and Joby Aviation offer rare exposure to potentially revolutionary technologies. While not suitable for core portfolio positions, these early-stage growth stocks represent the kind of speculative opportunities that can generate outsized returns when approached with appropriate position sizing and time horizons.
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Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
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George Budwell has positions in IonQ, Joby Aviation, and Toyota Motor. The Motley Fool recommends Ansys and AstraZeneca Plc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

2 Incredible Growth Stocks I Can't Stop Buying

Investors in Airbnb Inc (Symbol: ABNB) saw new options become available today, for the December 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABNB options chain for the new December 5th contracts and identified one put and one call contract of particular interest.
The put contract at the $122.00 strike price has a current bid of $4.15. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $122.00, but will also collect the premium, putting the cost basis of the shares at $117.85 (before broker commissions). To an investor already interested in purchasing shares of ABNB, that could represent an attractive alternative to paying $127.97/share today.
Because the $122.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 66%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.40% return on the cash commitment, or 28.85% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Airbnb Inc, and highlighting in green where the $122.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $129.00 strike price has a current bid of $5.55. If an investor was to purchase shares of ABNB stock at the current price level of $127.97/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $129.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.14% if the stock gets called away at the December 5th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ABNB shares really soar, which is why looking at the trailing twelve month trading history for Airbnb Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ABNB's trailing twelve month trading history, with the $129.00 strike highlighted in red:
Considering the fact that the $129.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 48%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.34% boost of extra return to the investor, or 36.78% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 45%, while the implied volatility in the call contract example is 42%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $127.97) to be 39%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Also see:
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MBGH Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Interesting ABNB Put And Call Options For December 5th

In this podcast, Motley Fool contributors Tyler Crowe, Matt Frankel, and Jon Quast discuss:
Earnings, outlooks, and conference call commentary from the big banks' third quarter.
Private assets' role in an investor's portfolio.
Stocks on their radar.
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A full transcript is below.
Where to invest $1,000 right now
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*Stock Advisor returns as of October 20, 2025
This podcast was recorded on Oct. 16, 2025.
Tyler Crowe: Private markets are becoming the public markets. This Motley Fool Money. Welcome to Motley Fool Money on Tyler Crowe, joined by longtime Fool contributors, Jon Quast and Matt Frankel. Now, we're going to cover the market buzz around private assets that are looking to make their way into retirement accounts and cover stocks on our radar, like we do every Thursday. But first, earning season is heating up. Yesterday, our colleagues discussed ASML's results, and we were tempted to also discuss Taiwan Semiconductor's strong earnings report and outlook. But I feel like we've discussed AI and the picks and shovels plays a lot lately on our episode of Motley Fool Money. We wanted to look at some of the non AI parts of the markets, and what better way to do that than with the big banks. The results from JPMorgan, Bank of America, Wells Fargo, and several others came out earlier this week. I don't want to rehash the numbers too much. Instead, I want to really focus on some of the big takeaways from either the outlooks or commentary that we saw in the market. Matt, what stood out to you on this most recent round of updates?
Matt Frankel: First of all, all the big banks, including all the ones you mentioned and others, beat expectations for earnings. Strong numbers so far, but there are some big winners among the group. I'd say, in order, my biggest winners of earnings season so far among the banks are Wells Fargo, Morgan Stanley, and Bank of America. With the latter two, Bank of America and Morgan Stanley, they both benefited from a robust IPO and M&A market, which I think Jon's going to talk about more in a second. This led to investment banking fee growth of 43 and 44% year year respectively for those two. Equities trading revenue was really strong at beat expectations. Not only that, Bank of America reported a surprise decline in their credit loss provision, which is going to come into play a little later in our conversation. But in general, investment banking was really strong, and Wells Fargo is particularly interesting because they don't depend as much on investment banking, and we're a big winner. Their stocks up 10% since earnings. One major thing is that management is now expecting 17-18% returns on tangible common equity over the medium term, up from the previous estimates, after the Federal Reserve lifted their asset cap finally after seven years. The bank is now going on offense. Charlie Sharf, the CEO, said that Wells Fargo aims to be the number one consumer bank, a lofty goal, and a top five investment bank, which they're not I don't even think they're a top 10 investment bank right now. Plus, like Bank of America, Wells Fargo decreased their loan loss provision significantly, so some really big surprises so far.
Jon Quast: As Matt points out here, the investment banking market right now is just red hot. Accounting firm Ernst & Young, they just released a report that showed that merger and acquisition deal values in September up over 110% year over year. Those are some big deals in there. Volume was a little bit lower, but even still the activity in September up 41%. I capped off a third quarter here, where value for M&A was up 239% from the third quarter of 2024, and volume was up 164%, so nearly tripling. Things are clearly heating up in this space. That was reflected in the banking numbers that Matt was just talking about. Just to drill down into these things a little bit further, JP Morgan CFO Jeremy Barnum said that there have been some IPO deals sitting in the pipes ready to go, and they've just been waiting for better valuation and lower volatility, and the third quarter delivered on that. The same applies to merger and acquisition activity. You also look at some of the comments from Bank of America, CFO Alastair Borthwick said that the fourth quarter is shaping up nicely, and then Morgan Stanley comes out and says, they're actually building their business with expectations that the next 3-5 years are going to show positive trends in this investment banking market, and so all this is really positive.
Tyler Crowe: I guess it goes to show what personality I have because I focused in a little bit on the one negative market commentary that I think we saw in all of the banking stuff. It was during the JP Morgan conference call, Jamie Dimon made some, we can say comments on the state of private credit and lending to private credit. This comes on the heels of Auto Parts manufacturer First Brands Group and used auto dealer Tricolor both filing for bankruptcy. These are both private companies. Those companies had loans with private creditors who also just had those private creditors had loans with big banks. Jamie Dimon hinted that he thinks the private credit and other these non bank financial institutions, lenders to private equity and things like that. A lot of his commentary pointed to being a little bit of a weak point in the market. I'm trying to sparse between his commentary being like, we don't know how good these folks underwriting is, which it's either a commentary on the market or just Dimon trying to talk up JP Morgan's book, which that's obviously his job a little bit. It certainly gives me something to follow up in the coming quarters as to whether or not it was, again, just Jamie Dimon talking it up or, if there's actually really something here. Let me pass this back to you. What were the questions that you were left with on this most recentearnings call What do you want to follow up on?
Jon Quast: I would say that the investment banking commentary says that the economy is really in a healthy place or at least it's on the right track. My question is, what changes that and how secure is that? Investing is a lot to do with risk management. If I was to rewind the clock, go back to 2019, I just remember that economy feeling like a freight train in late 2019 and just asking, what would possibly change that? A once in a century pandemic. But this time it doesn't quite feel like a a freight train to me. It does feel a little bit more fragile, and maybe that's reflected in some of the comments you just brought out from Jamie Dimon. It feels like we're just a social media post away from changing some investor sentiment dramatically. I'm just looking at this. I'm saying, OK, the numbers are saying that the economy is very healthy or at least going in the right direction. What would it take to change that?
Matt Frankel: Look, I have mixed thoughts just like Tyler does, mainly because the sharp declines in the loss reserves from both Bank of America and Wells Fargo, really seem to contradict Jamie Dimon's statement on credit quality. I agree. I've been saying for a long time that the auto lending industry, especially the subprime market, could be a bit of a house of cards. It is far too easy to borrow, say, $50,000 to buy a depreciating asset, right now. It's harder to get a mortgage, which is a safer form of a loan. But that doesn't mean that all private credit is necessarily set for a collapse. It could just be specific to the auto lending industry. It's definitely worth monitoring over the next few quarters. But over the past few years, since 2022 when the bear market happened, pretty much every fear about deteriorating credit hasn't materialized as much as we thought it would.
Tyler Crowe: Coming up, private assets want to be in your retirement, and it could really affect the way we invest.
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Tyler Crowe: Admittedly, discussing first brands and Tricolors bankruptcy in the last segment isn't really exactly the best lead in for this next discussion, but not every transition could be perfect. The drumbeat around private assets has become becoming more available to the investing public is getting louder and louder. More and more asset managers are exploring ways to package private assets either as private equity or private credit into taxed advantage accounts like 401(k)s. Now, I myself have a lot of conflicting thoughts about this. On the one hand, making private assets available to individuals gives us a lot more investing choices, which most of the time more choices is better. Conversely, I can see asset managers that own these assets and trying to get them to individuals as a way of charging high fees for the privilege and access to private funds that they don't have anymore because low cost index funds and ETFs eroded a lot of fees that former mutual funds and asset managers used to enjoy. I'm going to put it both to you because there's a lot of stories out there of companies like Blackstone, BlackRock. All of these companies that are looking to find a new way to package private investments into 401(k)s or other types of retirement accounts. How do you see private assets fitting into your investment strategy?
Jon Quast: Personally, I'm a big fan of few regulations from Uncle Sam. On principle, I like the idea of being able to add private assets to my retirement account. There are some companies that I would have loved to in recent years, and one that comes to mind is Neuralink from Elon Musk. That's just a fascinating company to me, and I would love to be able to invest in my retirement account. I find it extremely interesting. That said, as I look about this from a broad perspective, opportunity without education is like giving a small child a box of matches. They can get hurt, and they can break things. I think there's a smart way to open this up, and I think that there's a bad way to open this up. Hopefully, we do it the smart way and not the way that creates a lot of problems, especially financially for people just getting involved in something that they don't really understand.
Matt Frankel: Tyler, you're right that so far, all of the deregulation around any type of private assets have allowed managers and investment platforms to charge high fees to investors. We've talked about this privately before. But there are funds out there that give investors private exposure to private companies like SpaceX and Open AI, and charge, let's say, ridiculous fees. But like you, I'm conflicted. It's both an opportunity and a threat to the retirement security of people in these 401(k) plans. The statement from the executive order that the president signed allowing this is misleading that the standard products like S&P 500 index funds are, "Are not letting people achieve secure retirements." The S&P 500 has been a great wealth builder over the long term. The problem is that the average person doesn't save enough for retirement. It's not that they haven't had opportunities to build wealth. I have conflicted feelings about this. Like Jon said, there is a right way and a wrong way to do it.
Tyler Crowe: There's been a lot of deregulation of access to things like this. It started with the 2012 Jobs Act is something I can think of. I think, ultimately, and this is I give my concluding thoughts, I guess, and moves like this feel like an appeal to the inattentive investor, the ones that sign up for whatever plans your company's 401(k) signs up for. To that, the good marketing of private equity isn't subject to the whims of the market or something like that for long term investments. You can see the marketing. It writes itself. But individual investors like us who put the time and effort into finding individual stocks to buy and hold over the long term. I don't know if we'll see as many benefits from this because we want to do our due diligence. We'll see how this shakes out, but I think that's where I'm going to end up landing unless somebody really blows me away with a really interesting offer in private capital. After that, we'll do stocks on our radar.
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Tyler Crowe: Guys, unfortunately, none of us were the recipients of that $300 trillion stablecoin fat finger that happened at PayPal either yesterday or today. I think we're just going to have to keep on building wealth, the old fashioned way, with some buy and hold stocks. With that in mind, what's actually on your radar this week? Jon, we're going to start with you.
Jon Quast: On my radar this week is company called TripAdvisor, symbol TRIP. At Hidden Gems, we value misunderstood companies, has something that the market's not appreciating, and TripAdvisor certainly has that, in my opinion. It's not just the TripAdvisor brand that you get here. You also get another brand, which is called Viator. Now, I want to just talk about Viator because I believe that the real value here, and this goes along with our discussion regarding investment banking. I think that TripAdvisor has something more valuable in Viator than what TripAdvisor is itself, and spinning it out or IPOing it in some way may unlock that value. You just look at Viator by itself for a moment. It's generated 882 million in trailing 12 month revenue. It's growing at 11%, which is double digits, high gross margin. It is profitable on a stand-alone basis. You look at something like Airbnb, a price to sales ratio of seven. Let's give Viator half that valuation at 3.5 times sales. Viator would have a $3 billion market cap on a stand alone basis. You look at TripAdvisor right now, it has a $1.8 billion market cap. Potentially more value in Viator as a stand-alone business than what it is right now under TripAdvisor. I think this is an underappreciated thing and why it's on my radar.
Matt Frankel: I'm going to talk about one of my longtime favorite real estate companies to follow Empire State Realty Trust, ESRT. They own the Empire State Building and a portfolio of about two dozen other primarily office buildings in Manhattan. Not only is the stock about 35% below its 52 week high, despite pretty strong performance from its business and the observatory on the Empire State Building, but I'm seeing signs that the New York City office market could be stronger than most experts think. Just consider that competitor SL Green just agreed to buy a 36 story office tower right near Park Avenue for $730 million. It's a big bet that the New York City office market will strengthen in the years to come. If it turns out they're paying the right price, the Empire State Building alone could be worth more than the current market cap of the company. Forget the other two dozen properties. Talk about a Hidden Gem. I think if the New York City office market does what SL Green thinks it's going to do, the Empire State could be a bargain.
Tyler Crowe: On the deregulatory thing, there's been another story about the Trump administration looking to privatize its portfolio of student loans, which I don't know if it's going to happen or not, but it gives me a pretty lame excuse to talk about SLM Corp. Ticker is SLM. This people might also know it as Sallie Mae, which is basically the bank similar to Fannie Mae & Freddie Mac, but it's focused on student loans. It is actually a publicly traded company. One of the things that makes it so appealing to me is if you actually look at the credit quality that it has, you think of student loans, they tend to be a relatively secure loan in the sense of paybacks. Our default rates are relatively low. They actually can't even be discharged in bankruptcy. They also get things like high rates of cosigned with parents and things like that, and a lot of what they actually have on their books is for masters in business or premed or law or something like that. It tends to have very high amounts with also good credit quality for future payments. It's just a business to me that looks incredibly well. If you look at things like net interest spreads, which is the difference between the interest rate on the loans and how much its depositors get, it's quite high compared to most other banks. You get a secure payment at a high net interest rate. This is a business right now that's trading for about 11 or 12 times earnings. I think people are worried about credit quality, but I think that might be a little overblown for a business that if we talk about hidden, it really is quite hidden out there and a very quality business for something. Matt, Jon, that's all the time we have for today. Thanks for sharing your thoughts.
As always, people on the program may have interests in the stock they talk about, and the Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. All personal finance content follows Motley Fool editorial standards and is not approved by advertisers. Advertisements are sponsored content and provided for informational purposes only. To see our full advertising disclosure, please check out our shows. Thanks again to our producer Dan Boyd, for keeping us on schedule for Matt, Jon and myself. Thanks for listening, and we'll chat again soon.
Wells Fargo is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Jon Quast has positions in Airbnb. Matt Frankel has positions in Bank of America, Empire State Realty Trust, and PayPal. Tyler Crowe has positions in SLM and has the following options: short December 2025 $32 puts on SLM. The Motley Fool has positions in and recommends ASML, Airbnb, Blackstone, JPMorgan Chase, PayPal, and Tripadvisor. The Motley Fool recommends BlackRock and Empire State Realty Trust and recommends the following options: long January 2027 $42.50 calls on PayPal and short December 2025 $75 calls on PayPal. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Private Assets Meet Public Markets

In trading on Tuesday, shares of Airbnb Inc (Symbol: ABNB) crossed above their 200 day moving average of $129.38, changing hands as high as $129.50 per share. Airbnb Inc shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of ABNB shares, versus its 200 day moving average:
Looking at the chart above, ABNB's low point in its 52 week range is $99.88 per share, with $163.93 as the 52 week high point — that compares with a last trade of $128.98. The ABNB DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
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TECH RSI
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BLK Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Airbnb Breaks Above 200-Day Moving Average - Bullish for ABNB

Key Points
Airbnb co-founder Joseph Gebbia sold 236,000 shares on Oct. 13, 2025.
It was the second such sale for the co-founder and director in the last 30 days.
The sales were part of a trading plan adopted earlier this year.
Airbnb Director and Co-Founder Sells 236,000 Shares Worth $28.1 Million
Director Joe Gebbia sold 236,000 shares of Airbnb (NASDAQ:ABNB) in open-market transactions on Oct. 13, 2025, as reported on the SEC Form 4 filing.
Transaction summary
Shares sold
236,000
Transaction value
~$28.1 million
Post-transaction shares
704,015 (indirect); 2,860 (direct)
Transaction value is based on the SEC Form 4 weighted average purchase price ($119.22 as of Oct. 13, 2025).
Key questions
What proportion of Joseph Gebbia’s direct holdings was sold in this transaction?
The shares were under indirect ownership. As of Oct. 13, 2025. 2,860 direct shares remain post-transaction.
How does the trade size compare to Joseph Gebbia's historical selling pattern?
The 236,000-share sale matches the historical median for sell-only events (236,000 shares), as calculated across 49 prior open-market dispositions. This indicates the recent sale was in line with the typical trade size established over the historical period.
What was the market context at the time of sale?
Shares were priced at $119.22 on a weighted average basis, reflecting a drop of 9.6% year to date leading into the transaction.
Are there any remaining derivative or indirect holdings?
704,015 indirect share ownership, and 2,860 direct shares remain outstanding.
Company overview
Revenue (TTM)
$11.58 billion
Net income (TTM)
$2.63 billion
Employees
7,300
1-year price change
-7.43%
* 1-year performance calculated using Oct. 17, 2025 as the reference date.
Company snapshot
Airbnb offers an online platform connecting hosts with guests for booking private rooms, entire homes, and curated experiences globally.
The company operates a marketplace model for booking spaces and experiences.
It caters to travelers, vacationers, and experience seekers seeking alternative accommodations and local activities worldwide.
Airbnb is a global travel platform facilitating short-term stays and experiences. The company leverages a scalable marketplace model, enabling efficient matching of supply and demand in the alternative accommodations sector. Airbnb maintains a broad inventory and extensive reach.
Foolish take
The Airbnb director and co-founder also unloaded 236,000 shares worth about $29 million on Sept. 29. Both sales reported on the SEC Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on Feb. 26, 2025. Investors shouldn't, therefore, be overly concerned that the insider has any new issues with holding shares of Airbnb.
Gebbia indirectly still owns over 700,000 shares worth nearly $90 million at Airbnb's closing price on Oct. 17. He has significantly reduced his stake with the two recent sales, however. By setting up a trading plan in February, it's possible that Gebbia has decided to meaningfully reduce his stake in Airbnb.
Investors can't read too much into that, though. There are many reasons insiders may sell stock. It could be for personal financial management, or there could be other ventures the entrepreneur is pursuing.
Investors concerned with these insider sales should perform more research into the company to see if any other yellow flags stand out.
Glossary
Director: A member of a company’s board responsible for overseeing management and major decisions.
Open-market transaction: Buying or selling securities on a public exchange, not through private agreements.
SEC Form 4: A regulatory filing disclosing insider trades by company officers, directors, or major shareholders.
Direct ownership: Holding securities in one’s own name, not through intermediaries or entities.
Indirect holdings: Securities owned through trusts, funds, or other entities rather than directly.
Weighted average purchase price: The average price paid per share, adjusted for the number of shares in each transaction.
Disposition: The act of selling or otherwise transferring ownership of an asset.
Median: The middle value in a set of numbers, with half above and half below.
Marketplace model: A business structure connecting buyers and sellers, typically via an online platform.
Alternative accommodations: Lodging options outside traditional hotels, such as private homes or rooms.
TTM: The 12-month period ending with the most recent quarterly report.
Where to invest $1,000 right now
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*Stock Advisor returns as of October 13, 2025
Howard Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Airbnb. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Airbnb (ABNB) Director and Co-Founder Sells 236,000 Shares Worth $28.1 Million

Key Points
Airbnb stock is down below consensus analyst price targets.
The company has a long opportunity to grow internationally.
Management is expanding its product offerings and utilizing artificial intelligence (AI).
The investing world is enamored with artificial intelligence (AI). It seems like every stock deemed an AI "winner" is soaring to all-time highs, with trillions upon trillions of dollars in market value added to these stocks in the last two years. Not every AI stock is soaring, though.
Enter Airbnb (NASDAQ: ABNB). The online travel portal's stock is trading down 43% from all-time highs set in early 2021, even though the business continues to expand and should see increased opportunities and efficiencies from deploying AI tools. Wall Street has a consensus price target of $139 versus Airbnb's stock price of $123 (as of Oct. 15), but I think the stock is going much higher over the long term.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Here's why Airbnb is an unstoppable stock for investors to buy and hold for the next decade and beyond.
International expansion opportunities
For those living in the United States or other English-speaking markets, Airbnb may seem like a mature service. Last quarter, the platform generated $23.5 billion in gross booking spend from travelers, and now controls a sizable percentage of tourist lodging in these markets. The same cannot be said for non-English-speaking countries.
The majority of Airbnb's bookings today still come from its original markets, such as the United States. While North American demand is expected to steadily grow (nights booked grew in the low single digits year over year last quarter), management believes its opportunity for outsized growth over the next few years lies in new markets. Airbnb's presence in huge tourist areas such as Italy, Brazil, or Japan is tiny compared to its market share in North America, which it aims to fix in the coming years.
In order to take advantage of this opportunity, Airbnb is localizing its product and marketing for these specific countries, which is already bearing fruit in customer demand. For reference, we can look at Japan. Demand from local Japanese travelers on Airbnb accelerated last quarter, with a 15% year-over-year increase in first-time bookers. Getting new customers to try out Airbnb, download the app, and understand how the home-sharing service works is vital for expanding the brand.
If Airbnb can keep up this steady drumbeat of international expansion, it can drive solid bookings, revenue, and earnings growth over the next 10 years.
Expanding beyond the core (and AI)
Airbnb was founded back in 2007, making the business close to 20 years old. Even though it has a market cap of $76 billion, Airbnb is still driven by its original home-sharing idea.
Founder Brian Chesky aims to change that with recent product expansions. This year, Airbnb revamped its Experiences product and launched what it is calling Services for customers on Airbnb. Experiences are events such as tours or cooking classes for tourists to try out, while Services are add-ons a vacationer might want, such as a massage or a home chef. It is still experimental and in the early stages, but it is a logical next step for Airbnb to expand its platform.
What's more, Airbnb has a huge opportunity to improve its business by utilizing modern AI tools. This includes through its customer service chatbot to increase operational efficiency and improve profit margins, but also experimenting with AI search queries for customers looking to find a place to stay on vacation.
Next year, Airbnb is planning to bring AI into travel search. Most travelers on Airbnb begin their search on its mobile app or website, giving it a captive audience to deploy a language model.
Investors will not see these new products impact revenue growth for at least a few years, but Airbnb is setting the groundwork to increase its total addressable market over the long haul.
Is Airbnb stock a buy?
When looking at Airbnb stock today, it is not trading at a demanding price. This is contrary to other technology or AI beneficiaries right now.
Using an enterprise value-to-EBIT ratio (earnings before interest and taxes), which encapsulates the net cash on its balance sheet and excludes non-operating interest income, Airbnb trades at a reasonable earnings multiple of 25. The company has an EBIT margin of 22.5%, a number that can expand over the long term because of the company's up-front investments into international expansion and new product categories.
Airbnb's revenue is growing 13% year over year, and is poised to continue growing in the double digits for years to come. EBIT margin can keep expanding. Plus, management is starting to return cash to shareholders with a stock buyback program, which will add more fuel to earnings per share (EPS) growth over the long term.
Take everything together, and Airbnb looks like an unstoppable stock for investors to buy at a discounted price today.
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Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Airbnb. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

1 Unstoppable Stock Down 43% to Buy Hand Over Fist, According to Wall Street

Below is Validea's guru fundamental report for AIRBNB INC (ABNB). Of the 22 guru strategies we follow, ABNB rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins.
AIRBNB INC (ABNB) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 50% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AIRBNB INC
More Information on Kenneth Fisher
About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink.
Additional Research Links
Harry Browne Permanent Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Detailed Fundamental Analysis - ABNB

Looking at the sectors faring best as of midday Tuesday, shares of Services companies are outperforming other sectors, higher by 1.6%. Within the sector, Airbnb Inc (Symbol: ABNB) and Walmart Inc (Symbol: WMT) are two of the day's stand-outs, showing a gain of 4.4% and 4.1%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 1.1% on the day, and up 8.16% year-to-date. Airbnb Inc, meanwhile, is down 5.54% year-to-date, and Walmart Inc is up 18.47% year-to-date. Combined, ABNB and WMT make up approximately 5.3% of the underlying holdings of IYC.
The next best performing sector is the Financial sector, higher by 1.6%. Among large Financial stocks, Wells Fargo & Co (Symbol: WFC) and KKR & CO Inc (Symbol: KKR) are the most notable, showing a gain of 8.8% and 5.3%, respectively. One ETF closely tracking Financial stocks is the Financial Select Sector SPDR ETF (XLF), which is up 1.8% in midday trading, and up 12.00% on a year-to-date basis. Wells Fargo & Co, meanwhile, is up 24.00% year-to-date, and KKR & CO Inc, is down 13.89% year-to-date. Combined, WFC and KKR make up approximately 4.5% of the underlying holdings of XLF.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, nine sectors are up on the day, while none of the sectors are down.
Technology & Communications
+0.3%
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tuesday Sector Leaders: Services, Financial

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the VictoryShares Free Cash Flow ETF (Symbol: VFLO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $44.11 per unit.
With VFLO trading at a recent price near $37.99 per unit, that means that analysts see 16.12% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VFLO's underlying holdings with notable upside to their analyst target prices are Delta Air Lines Inc (Symbol: DAL), Omnicom Group, Inc. (Symbol: OMC), and Airbnb Inc (Symbol: ABNB). Although DAL has traded at a recent price of $57.12/share, the average analyst target is 23.70% higher at $70.66/share. Similarly, OMC has 18.67% upside from the recent share price of $79.63 if the average analyst target price of $94.50/share is reached, and analysts on average are expecting ABNB to reach a target price of $142.14/share, which is 18.46% above the recent price of $119.99. Below is a twelve month price history chart comparing the stock performance of DAL, OMC, and ABNB:
Combined, DAL, OMC, and ABNB represent 6.15% of the VictoryShares Free Cash Flow ETF. Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
VictoryShares Free Cash Flow ETF
VFLO
$37.99
$44.11
16.12%
Delta Air Lines Inc
DAL
$57.12
$70.66
23.70%
Omnicom Group, Inc.
OMC
$79.63
$94.50
18.67%
Airbnb Inc
ABNB
$119.99
$142.14
18.46%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Add Up The Parts: VFLO Could Be Worth $44

For Immediate Release
Chicago, IL – October 7, 2025– Today, Zacks Investment Ideas feature highlights Airbnb ABNB, Coinbase Global COIN, Circle Group CRCL, iShares Bitcoin ETF IBIT, ARK 21Shares Bitcoin ETF ARKB and JPMorgan Chase JPM.
Is Brian Armstrong's $1 Million BTC Prediction by 2030 Unrealistic?
When Brian Armstrong Talks, the Crypto Industry Listens
Billionaire Brian Armstrong is one of the most followed and respected CEOs on Wall Street, specifically in the crypto industry. Having discovered the Bitcoin white paper in 2010, Armstrong is one of the earliest Bitcoin adopters. Additionally, after quitting his software engineering job at Airbnb, Armstrong founded Coinbase Global, the leading American crypto exchange. In an industry where many CEOs come and go, Armstrong has navigated Coinbase through stringent regulatory hurdles and numerous devastating crypto bear markets, building the company into the $100 billion juggernaut it is today.
Brian Armstrong Predicts that Bitcoin will Reach $1 Million by 2030
In a recent interview with Fox Business's Liz Claman, Brian Armstrong predicted that Bitcoin could reach $1 million per coin by the end of the decade.
What are Brian Armstrong's Bullish Bitcoin Tailwinds
Armstrong's reasons for a $1 million Bitcoin price include:
1. The Emergence of Crypto Regulatory Clarity: Armstrong cited crypto regulatory legislation such as the GENIUS Act as a critical catalyst for Bitcoin. The GENIUS Act provides stablecoin operators such as Coinbase and Circle Group with clear rules for conducting business. For years, Armstrong had been an outspoken critic of the lack of regulatory clarity and former SEC Chair Gary Gensler's "regulation by enforcement" approach. With new pro-crypto SEC Chair Paul Atkins in charge, Armstrong views the days of unclear regulation as in the past.
2. International Governments will Adopt Bitcoin: Armstrong believes that "G20" countries and international governments will adopt Bitcoin, with the US government's plan for a "Bitcoin Strategic Reserve" as the first domino to fall.
3. Institutional Bitcoin Adoption: Armstrong predicts a surge in Bitcoin adoption, driven by the access that ETFs like the iShares Bitcoin ETF and the ARK 21Shares Bitcoin ETF offer. Moreover, he sees an institutional supply shock because as demand increases, Bitcoin's supply will never exceed 21 million Bitcoins.
What Brian Armstrong Believes Can Derail Bitcoin
The biggest threat to Armstrong's Bitcoin bull case is that traditional banks, such as JPMorgan Chase and their lobbyists, will try to "choke the industry." As crypto solutions like stablecoins disrupt traditional banking, allowing customers to earn higher interest and send money more efficiently and cheaply, Armstrong reiterated that government officials must "hold the line."
Is $1 Million Bitcoin by 2030 Realistic?
Instead of making assumptions or guesses, the savviest analysts use historical data to make sense of markets. Based on Bitcoins current price of ~$122,517.40, Bitcoin would require a 52.18% compound annual growth rate (CAGR) to reach $1 million per coin by the end of the decade. Here's why that's not crazy:
· Over the past decade, Bitcoin has achieved a CAGR of ~84%, meaning that Bitcoin could actually perform worse than that over the next five years and still reach Armstrong's price target.
· Since its inception, Bitcoin has achieved a CAGR of more than 100%.
Bottom Line
While Brian Armstrong's $1 million Bitcoin price target by 2030 may sound sensational, his bull thesis is grounded in powerful market dynamics. Meanwhile, from a historical mathematical perspective, Armstrong's prediction is achievable.
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Airbnb, Inc. (ABNB) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.