15 Best Stocks to Buy According to Jim Simons’ Renaissance Technologies

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8. Airbnb, Inc. (NASDAQ:ABNB)

Renaissance Technologies Q4 Stake: $548.6 million

Number of Hedge Fund Holders: 54

San Francisco-based Airbnb, Inc. (NASDAQ:ABNB) runs an online marketplace that links homeowners with travelers seeking accommodation.

DA Davidson reiterated its Buy rating and $155 price target for Airbnb, Inc. (NASDAQ:ABNB) on May 5. The company’s analyst, Tom White, maintained his evaluation after examining Airbnb’s 2025 first-quarter results. Although the company’s foreign exchange-neutral gross bookings and revenue growth aligned with projections, adjusted EBITDA exceeded them, despite unit growth being marginally below forecasts. Although there was some observed softness in the U.S. market, where North America accounted for 45% of Airbnb’s 2024 revenue, the analyst pointed out that the situation appeared to be more related to customers delaying decisions on longer-lead-time trips than a shift towards lower-priced options.

Moreover, the company plans to relaunch its Experiences platform and add traditional hotel inventory, which may impact its development. Airbnb’s management remains confident in its strategic positioning and long-term EBITDA margin guidance of 34.5% by FY25.

Oakmark Global Fund stated the following regarding Airbnb, Inc. (NASDAQ:ABNB) in its Q1 2025 investor letter:

Airbnb, Inc. (NASDAQ:ABNB) is an online marketplace to list, discover and book unique accommodations worldwide. The company benefits from a strong network effect between its guests and hosts. We believe there is a long growth runway as global travel is an attractive market, and alternative accommodations have been taking share. We anticipate Airbnb will drive further growth by creating more valuable services for both sides of its network. This includes the potential for paid placement, which has created significant economic value for comparable market places. In our view, management is aligned with shareholders and well qualified to lead Airbnb as the company attempts to capture these growth opportunities. Short-term concerns about the macro travel environment and declining margins stemming from growth investments allowed us to purchase shares at a discount to our estimate of business value.”

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