Bernstein David C sold $230K of ABNB

American Express (AXP) and Airbnb (ABNB) announced a partnership, adding over 1 million Airbnb listings to Amex Travel. U.S. Card Members can book stays and earn Membership Rewards points. Platinum Card Members gain access to credits for lodging and experiences. The deal expands AXP's hotel offerings and enhances rewards for ABNB bookings.

American Express and Airbnb have partnered to add over 1 million Airbnb listings to Amex Travel. Cardholders can earn rewards on bookings, with Platinum members also eligible for credits on Luxe stays and Experiences. Amex aims to enhance its travel rewards platform amid increased competition in premium credit cards.

The EU's highest court ruled that hosts on platforms like Airbnb and Booking.com can be required to obtain authorization in Brussels, but Belgian judges must ensure the rules are justified and protect rights. The Brussels Court of Appeal will now decide on rental operator Smartflats' challenge.

Hedgeye upgraded Airbnb to a top long-term investment pick, citing potential gains from business momentum, market share growth, and hotel expansion. The firm sees further upside despite the stock's year-to-date outperformance, according to analyst Sean Jenkins.

Airbnb (ABNB) shares rose 4.2% over five sessions after KeyBanc upgraded it to Overweight with a $191 target, citing growth in hotel bookings and AI enhancements. The stock closed at $162.43 on Oct. 2, ending a four-week losing streak. KeyBanc believes Airbnb's new business models could drive future growth, and the stock trades at a lower valuation than traditional hotel chains.

ARK Innovation ETF, managed by Cathie Wood, bought $81M in Nvidia, $13.1M in Broadcom, and $7.3M in CoreWeave, while selling $111.1M in AMD. Other purchases included Intellia Therapeutics, BWX Technologies, and Tesla. Sales included 10x Genomics, Tempus AI, Alphabet, and Palantir.