Michael Burry’s 2022 Portfolio: Top 5 Stock Picks

2. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 92

Scion Asset Management’s Stake Value: $18.78 million

Scion Asset Management’s 13F Portfolio: 9.32%

Scion Asset Management initiated its position in Booking Holdings Inc. (NASDAQ:BKNG) during the first quarter with 8,000 shares worth $18.78 million. This represented 9.32% of its total portfolio. Out of all the hedge funds tracked by Insider Monkey at the close of Q4 2021, 92 reported ownership of stakes in Booking Holdings Inc. (NASDAQ:BKNG) with a combined value of $7.7 billion.

Booking Holdings Inc. (NASDAQ:BKNG) is a travel and tourism company which operates Booking.com and Rentalcars.com. On May 5, Citi analyst Ronald Josey kept a ‘Buy’ rating on Booking Holdings Inc. (NASDAQ:BKNG) shares and increased the price target to $2,800 from $2,600. He sees the company gaining further share of the recovering global travel market, with gross travel bookings reaching record levels in April.

Booking Holdings Inc. (NASDAQ:BKNG) disclosed its first quarter earnings on May 4, and posted an EPS of $3.90, outperforming estimates by $2.56. The company raked in $2.7 billion in revenue for the quarter which exceeded analysts’ forecasts by $167.2 million and showed a jump of 136.2% in comparison to the year-ago quarter.