In this article, we discuss the 5 best stocks to buy according to billionaire Paul Tudor Jones. If you want to read our detailed analysis of Jones’ history and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Billionaire Paul Tudor Jones.
5. Airbnb, Inc. (NASDAQ:ABNB)
Value: $55.13 million
Percentage of 13F Portfolio: 1.1%
Next in line is Airbnb, Inc. (NASDAQ:ABNB), in which Jones disclosed a new position as of the end of 2020 (the company went public in December), but reduced it by 18% to 293,300 shares in the following three months.
For the first quarter of 2021, Airbnb, Inc. (NASDAQ:ABNB) reported a non-GAAP net loss of $1.95 per share versus estimates of a loss of $1.16 and revenue of $886.94 million. The company’s revenue declined by 29.7% on the year and it registered a gross profit margin of 75.09%.
At the end of the first quarter of 2021, 52 hedge funds from our database held stakes in Airbnb, Inc. (NASDAQ:ABNB). The total value of these positions amounted to approximately $2.42 billion. Comparatively, there were 68 funds with roughly $1.61 billion worth of Airbnb, Inc. (NASDAQ:ABNB) shares at the end of 2020