Suncoast Equity Management said Airbnb was among its stronger performers in its Q3 2026 investor letter for its U.S. Equity Large Cap Select Growth Strategy. The firm argued Airbnb is more insulated than online travel agencies such as Expedia from agentic AI tools like Meta's newly introduced Muse, because it uniquely aggregates millions of separately owned homes and hosts still need to market properties, process payments, manage trust and safety, and serve guests. Airbnb closed at $160.63 on October 07, 2026, with a $96.18 billion market capitalization and an 18.35% year-to-date gain, within a 52-week range of $110.81 to $193.45. Suncoast said Airbnb's business is accelerating, especially internationally, with 2026 earnings per share expected to grow roughly 32% and analysts forecasting continued double-digit growth in 2027. The strategy itself advanced 4.2% after fees in the third quarter, compared to 2.3% for the S&P 500, and has risen 14.5% after fees since March. According to the article, 75 hedge fund portfolios held Airbnb at the end of the second quarter, down from 87 in the previous quarter.
Airbnb IncSuncoast's Q3 2026 letter names Airbnb a top performer, citing ~32% 2026 EPS growth and accelerating international business.
Expedia Group Inc.Suncoast argues Expedia is less insulated than Airbnb from agentic AI tools like Meta's Muse.
Meta Platforms Inc.