10 Best Growth Stocks To Buy According To George Soros

5. Booking Holdings Inc. (NASDAQ:BKNG)

Soros Fund Management’s Stake Value: $64.72 Million

Number of Hedge Fund Holders: 96

Booking Holdings Inc. (NASDAQ:BKNG) ranks fifth on our list of the best growth stocks by George Soros. The online travel company offers a platform where users can make travel reservations, make accommodation reservations, rent cars, and buy vacation packages. The holdings company runs multiple subsidiaries including Agoda, Booking.com, Priceline.com, and Kayak, among others.

The company provides services in more than 220 countries and is available in more than 40 languages. For the year ended 2023, Booking Holdings Inc. (NASDAQ:BKNG) logged $150.6 billion in travel bookings, up 24% year over year. In addition to that, over 1 billion room nights were booked across all platforms.

In the second quarter of 2024, the company booked over 287 million room nights across all platforms and logged revenue worth $5.9 billion, both up by 7% year-over-year. Air bookings on the other hand increased by 28% year-over-year. The company’s competitive edge is its strong travel ecosystem that offers a complete travel package all under the same roof. Such explains why Booking Holdings Inc. (NASDAQ:BKNG) facilitated 28 million reported accommodation listings, including 6.6 million homes and apartments, in 2023.

Wedgewood Partners stated the following regarding Booking Holdings Inc. (NASDAQ:BKNG) in its Q2 2024 investor letter:

“Booking Holdings Inc. (NASDAQ:BKNG) contributed to performance as travel spending across the U.S. and Europe remains quite healthy, whereas the Company took share in alternative accommodations, and looks set to expand margins after a few years of reinvestment. The Company has also been aggressively reducing its share count at reasonably attractive valuation multiples. Booking should be able to compound earnings at an attractive, double-digit rate for the next few years given these various initiatives.”