5 Best Stocks to Buy in 2022 According to Billionaire Paul Tudor Jones

3. Airbnb, Inc. (NASDAQ:ABNB)

Tudor Investment Corp’s Stake Value: $47,427,000

Percentage of Tudor Investment Corp’s 13F Portfolio: 1.11%

Number of Hedge Fund Holders: 66

Airbnb, Inc. (NASDAQ:ABNB) is a California-based travel technology company that offers vacation rentals and experiences to guests worldwide. Tudor Investment Corp increased its Airbnb, Inc. (NASDAQ:ABNB) stake by 3% in Q1, holding 276,124 shares worth $47.4 million. It is one of the best stocks to buy in 2022 according to billionaire Paul Tudor Jones. 

On May 11, Baird analyst Colin Sebastian reiterated an Outperform rating and a price target of $210 on Airbnb, Inc. (NASDAQ:ABNB) shares. He believes that recent customer-focused changes announced by the company have the ability to boost traffic and conversion rates on the app and website. The analyst believes the improvements to the application and platform are another step in the right direction, in order to increase use cases and expand market share. With AirCover for guests, Airbnb, Inc. (NASDAQ:ABNB) should be more attractive for users who are reluctant to book vacation rentals, he added. 

Among the hedge funds tracked by Insider Monkey, 66 funds were bullish on Airbnb, Inc. (NASDAQ:ABNB) at the end of Q1 2022, up from 63 funds in the last quarter. Jim Simons’ Renaissance Technologies reported a prominent position in the company, consisting of 3.40 million shares worth $584.6 million. 

Here is what Tollymore Investment Partners has to say about Airbnb, Inc. (NASDAQ:ABNB) in its Q3 2021 investor letter:

“Today disruptors are not typically seeking to replace incumbents entirely. Rather, they break the links in the customer journey, in doing so better aligning monetisation with value creation and minimizing externalities. For example, Airbnb broke the link between staying in residential property and owning it. Airbnb is a specific example of a business model innovation which separated asset use from ownership. This is hardly a novel idea; it’s called renting. Rental models lend themselves to assets which are expensive and durable, and where usage is infrequent.”