Airbnb is one of the most recognized companies worldwide. This year, this international lodging platform. Since its launch in the market, it has recorded record highs in terms of the value of the company.
The following article describes how to buy Airbnb stock and the best exchanges to use.
In This Guide
The process of buying Airbnb (ABNB) is surely something you want to know. However, you don’t need to worry; this guide will explain how to proceed and what steps to take. We must highlight that we extremely advise you to open an account with an exchange that is preferably regulated and has the necessary permits to operate within the country. Two popular exchanges are reviewed here in this article.
Currently, investing in Airbnb Stock may be of interest to you, as it includes the best stocks with a large market capitalization. But, do you want to know where to buy Airbnb Stock?
Here, we will analyze which trading platforms are the best for buying Airbnb stocks and their commissions and rules. In this way, you can select the platform that best suits your needs.
Our first platform is eToro. This platform is one of the most recognized worldwide and has about 20 million users. Here you can trade all kinds of digital assets, from stocks and cryptocurrencies, among many others. One of its many favorable qualities is that it is a completely commission-free platform, which makes it attractive to be used by all users.
eToro guarantees you access to the best stock exchanges globally, but you can also access the best stocks, such as Airbnb. When you want to trade stocks, you must keep in mind that you can do it using CFDs; you will always be trading with stock derivatives. This platform also offers you the option of leverage which can reach up to 5:1. Buying fractions of a share allows you to buy a part of the most valuable shares in the market.
There are more than 3,000 stocks available on eToro. In addition to the U.S. stocks listed on exchanges, there are also about 900 international stocks on exchanges such as Euronext Paris, the London FTSE, and the Hong Kong Stock Exchange. Also available on eToro are the best biotech stocks, best oil stocks, and most undervalued stocks, just to name a few.
Furthermore, the site offers a variety of commodities, indices, forex, as well as 67+ crypto coins and 264 exchange-traded funds (ETFs). Since ETFs allow investors to invest in multiple stocks at once, they are especially attractive to beginners. ETFs are also an excellent way to spread investment risk due to their low costs.
eToro also offers a social environment very similar to a social network, where users can interact with each other, looking for solutions or new strategies for the market. This space is generally very well used by beginners as they can learn and gain more knowledge from more experienced users. In this social environment, two very useful tools are part of the platform: CopyTrader and CopyPortfolios. If you use either of these tools, you can copy the moves of more experienced users, thus minimizing your risks to a minimum.
eToro is a very famous platform because of its interface, which is very simple, especially for beginners. In addition, this platform seeks to create a safe place to purchase digital assets such as blue-chip stocks.
In terms of security, it is a platform regulated and authorized by various financial authorities, among which are the following: the Financial Conduct Authority of the United Kingdom (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). So when trading your digital assets, you can have full confidence that they are in a place of total security.
Pros:
Cons:
75.3% of retail accounts lose money when trading CFDs with this provider. Consider whether you can afford to take the high risk of losing your money.
If you are curious about purchasing shares in Airbnb, it is important to define Airbnb and how it works. Airbnb is a lodging platform that works as an alternative to hotels and usual accommodations since it offers other people’s homes to spend a certain amount of time. It is a service that does not have properties but serves as a mediator between those seeking to rent a space and those who intend to stay in a specific place.
The company was created in 2008 under airbedandbreakfast.com as a bet of Joe Gebbia, Brian Chesky, and Nathan Blecharczyk. They at first made offers with their place of residence in the city of San Francisco as accommodation and sometimes gave breakfasts to get money and thus helped pay the rent of the property. Then, in 2009, this group of people received the impulse from the entrepreneur Paul Graham, creating the company we know today as Airbnb.
Today, millions of people have complimentary accounts on the Airbnb platform who seek to offer accommodation by hosting or looking for experiences worldwide. The offer of this platform is available in 190 countries with more than 6 million accommodations.
In the next part of our article, we will explain the following:
First of all, you must create an account on the platform’s website. The process is completely free, similar to the registration process of a platform such as eToro. You are only required to fill in some personal data such as full name, email, password, and date of birth. You can skip this step if you have a Google or Facebook account. Before starting, you must accept all the terms and conditions.
Now once you have finished the signup process, follow the search process. First, you must go to the page and indicate the destination, dates, and number of people. The more data you enter, the more precise the search will be. Then you will be able to visualize the options together with the opinions of the users.
After deciding on a property, you can book it and wait for the host’s answer, who will tell you if there is availability or not.
The Airbnb platform has reflected a recovery thanks to the trips that have begun to be made after the pandemic and its quarantines. For example, in the first quarter of this year, the reservations in accommodations reached over 100 million since the economic activation.
Compared to last year’s revenues, there was an increase of more than 70%, a trend that helped revenues reach $1.5 billion despite the COVID-19 problems and the war in Ukraine. The company is very optimistic about what is expected for the second quarter, as it expects to generate revenues of over $2 billion.
But even with all these positive predictions, Airbnb shares have registered a drop of close to 31% this year. At the beginning of January, they had a value of 172.68 dollars, and in May, they had a value of 116 dollars.
It is always important to review stock performance over time. For example, Airbnb’s stock has doubled since its IPO in December 2020, bringing the company to a market value of $100 billion. However, its share price has not been steady because it recorded a value of 20% the last time.
On February 11, 2021, the share price reached an all-time high of $219.94 but had since lost almost half of its value. Moreover, due to geopolitical tensions and monetary tightening in 2022, the stock lost more than 30% of its value.
Airbnb’s share price fell 23% in just four days between May 5 and May 11. In the wake of the interest rate hike announced by the U.S. Federal Reserve (Fed), the S&P 500 index (US500) and the tech-heavy Nasdaq 100 Composite index (US100) fell sharply.
Regarding a prediction of Airbnb’s share price, experts advise holding the stock for the long term as there is a possibility that it will rise in value by a maximum of 21% in May 2023, placing the stock at $144.92.
As far as the short term is concerned, experts predict a rise of 71%, which means a price of $195.75 over the next year, so again, they advise holding your positions on Airbnb shares. With all this information airbnb a good stock to buy.
It is important not to always rely on projections as some may be wrong, so we recommend doing your research before making any investments in the market. It is also extremely important to be aware of the trends that set the tone in the market.
It is also relevant to never invest more than you are allowed to lose and always invest as little as possible if you are a user who does not have enough previous experience in stocks.
After learning everything you need to know about Airbnb stock, you can analyze the data and decide if this is your sector.
When you decide to invest, you may want to select a broker that suits your needs. In this case, we’ll show you how to buy Airbnb stock on eToro.
Visit the homepage of the broker of your choice and open an account. Your mobile number will also need to be entered with your full name and email address. Clicking the “Continue” button will permit you to create your user name and password.
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It is common for brokers to request user verification, as they are usually regulated. Please provide a copy of your driver’s license or passport and a utility bill to confirm your residence as proof of your identity. Uploaded documents should be verified within minutes by your broker.
The following stage is to deposit funds into your trading account. Here are some options:
So you can use your preferred payment method to finish the process.
If you are interested in purchasing inflation stocks, search for them on your platform’s search bar once your account has been funded. Then, sign up for a trade and credit the amount you want.
Following all of the above steps, a purchase position must be placed.
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Over the past few years (since its launch in 2007), eToro has been working on improving its user-friendliness. As a result, it has a very streamlined and easy-to-use interface, whether you use the desktop version or the smartphone app. Choosing international stocks and other financial assets can help new investors diversify their portfolios. With both CopyTrader and Smart Portfolios, eToro offers a low-risk investing option for beginners and experienced traders.
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If you are looking for dividends, Airbnb stock might not be the best option for you.
Brian Chesky founded Airbnb, and Chesky serves as CEO as well as sets the company's vision and strategy. Airbnb was founded in 2007 by Brian and Joe Gebbia.
Since it began trading on the Nasdaq exchange on December 10, 2020, Airbnb (NASDAQ: ABNB) has been trading for almost 13 months now, including its IPO debut, in which it gained 112% on its first day of trading.
Journalist from Universidad Jorge Tadeo Lozano. Translator of Spanish and English. English as a second language. Interested in International media and sports media.
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