Billionaire George Soros is Selling These 5 Stocks in 2022

Page 5 of 5

1. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 92

Booking Holdings Inc. (NASDAQ:BKNG) is a Connecticut-based travel technology firm that offers online lodging reservations worldwide. In Q4 2021, George Soros’ hedge fund owned a $5.7 million stake in Booking Holdings Inc. (NASDAQ:BKNG), which it sold out of completely in the first fiscal quarter of 2022. 

Piper Sandler analyst Thomas Champion on May 5 raised the price target on Booking Holdings Inc. (NASDAQ:BKNG) to $2,500 from $2,440 and reiterated a Neutral rating on the shares. The company’s Q1 bookings exceeded Street estimates and management’s tone was optimistic about the recovery of travel and investments like Air and Connected Trip, the analyst told investors in a research note.

Among the hedge funds tracked by Insider Monkey, 92 funds were bullish on Booking Holdings Inc. (NASDAQ:BKNG) at the end of December 2021, compared to 96 funds in the last quarter. Harris Associates held a significant position in the company in Q1 2022, consisting of 665,415 shares valued at $1.5 billion. 

Here is what ClearBridge Investments Large Cap Growth Strategy has to say about Booking Holdings Inc. (NASDAQ:BKNG) in its Q1 2022 investor letter:

“Other actions during the quarter included the sale of consumer name Booking Holdings (NASDAQ:BKNG). We sold Booking, the owner of online travel agencies Booking.com, Priceline and Kayak, due to its higher exposure to Europe where we believe a rebound in travel will be slowed by the spillover effects of the Ukraine invasion on consumer spending.”

You can also take a look at Top 9 Stocks Billionaire Larry Robbins Just Added to His Portfolio and 10 Favorite Stocks of Dan Loeb’s Third Point.

Page 5 of 5