George Soros Reports New Buys of the Fourth Quarter
Morgan Stanley (MS)
Soros’ fund bought 4,144,200 shares of Morgan Stanley for an average price of $17 per share in the fourth quarter. Soros previously traded this stock at higher prices.
His holding history:
Morgan Stanley is a global financial services firm with 1,200 offices in 43 countries.
In the third quarter, Morgan Stanley reported $7 billion in net revenue, up from $5.7 billion a year previously. Its net income also improved to $481 million, from a loss of $1.05 billion the previous quarter and a loss of $275 million a year previously.
Morgan Stanley has a P/E of 18.6, P/B of 0.7 and P/S of 1.795.
Citrix Systems Inc. (CTXS)
Soros’ fund purchased 950,000 shares of Citrix Systems Inc. for $64 per share in the fourth quarter. He previously made a sizable profit on this stock in 2010 and 2011.
Citrix is a cloud computing company focused on enabling employees to work anywhere on any device. Its products are used by more than 260,000 organizations.
In the fourth quarter, Citrix reported $740 million in revenue, up 19% from a year ago. Its net income was $114 million, or $0.60 per diluted share, compared to $109 million, or $0.58 per diluted share a year ago.
Citrix has a P/E of 38.4, P/B of 4.5 and P/S of 5.53.
Anadarko Petroleum Corp. (APC)
Soros purchased 755,655 shares of Anadarko Petroleum for $72 per share in the fourth quarter.
He has previously traded this stock several times, as seen in his holding history:
Anadarko is an oil and natural gas exploration and development company with 2.56 billion barrels-equivalent of proved reserves.
In the fourth quarter, Anadarko reported revenue of $3.41 billion, down from $3.84 billion a year previously. Net income was $190 million, up from a net loss of $339 million a year previously.
Anadarko has a P/E ratio of 23, P/B of 2 and P/S of 3.04.
Plains Exploration and Production Company (PXP)
Soros’ fund purchased 953,000 shares of Plains Exploration & Production Company for $39 per share.
He has a history with this stock in previous years:
In the third quarter, PXP had revenue of $605.1 million, a 21% increase from the previous year, and net income of $51.6 million, or $0.39 per diluted share, down from $64.9 million, or $0.45 per diluted share, a year previously.
PXP has a P/B of 1.9 and P/S of 2.9.
See George Soros’ stock portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of George Soros.