About: Airbnb, Inc. is an American company that operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities. Based in San Francisco, California, the platform is accessible via website and mobile app.

Wian van Zyl, Momentum Securities Portfolio Manager for the Pretoria region, shares his insights.

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Transcription:

Good Day and welcome to another Momentum Securities stock pick of the week.

This week’s stock is Airbnb, an American company founded in 2008 but only listed on the NASDAQ stock exchange on the 10th of December 2020. It also offers around 6 million places to stay worldwide, and at any given time guests book around 1.6 million rooms through the company.

Now as you can imagine, this company should have gone through quite a rough time during COVID, but somehow the share price stayed quite resilient. They have also released their 3rd quarter results at the end of last year and the results were phenomenal.

With earnings per share up over 250%. Now Airbnb also has a factset implied return of over 16%.

I think it's time to start looking forward at companies that would benefit from the COVID restrictions to being lifted, and this company is definitely Airbnb.