Berkshire Hathaway Inc (NYSE: BRK-B) is 31.13% higher on its value in year-to-date trading and has touched a low of $350.85 and a high of $484.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BRK-B stock was last observed hovering at around $468.10 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $467.70, the stock is 1.86% and 2.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing -0.09% at the moment leaves the stock 9.52% off its SMA200. BRK-B registered 32.03% gain for a year compared to 6-month gain of 13.21%. The firm has a 50-day simple moving average (SMA 50) of $457.7628 and a 200-day simple moving average (SMA200) of $427.02704.
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The stock witnessed a 0.43% loss in the last 1 month and extending the period to 3 months gives it a 5.22%, and is 1.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.06% over the week and 1.25% over the month.
Berkshire Hathaway Inc (BRK-B) has around 396500 employees, a market worth around $1008.61B and $369.89B in sales. Current P/E ratio is 9.45 and Fwd P/E is 23.26. Profit margin for the company is 28.89%. Distance from 52-week low is 33.30% and -3.53% from its 52-week high. The company has generated returns on investments over the last 12 months (14.22%).
The EPS is expected to grow by 15.14% this year
4912.0 institutions hold shares in Berkshire Hathaway Inc (BRK-B), with institutional investors hold 67.14% of the company’s shares. The shares outstanding are 2.16B, and float is at 1.32B with Short Float at 1.11%. Institutions hold 66.88% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 144.15 million shares valued at $58.64 billion. The investor’s holdings represent 6.6765 of the BRK-B Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 107.26 million shares valued at $43.63 billion to account for 4.9678 of the shares outstanding. The other top investors are STATE STREET CORP which holds 69.33 million shares representing 3.2109 and valued at over $28.2 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 1.6594 of the shares totaling 35.83 million with a market value of $14.54 billion.
Berkshire Hathaway Inc (BRK-B) Insider Activity
The most recent transaction is an insider purchase by BERKSHIRE HATHAWAY INC, the company’s 10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC bought 925,205 shares of the company’s common stock on Oct 30 ’24 at a price of $27.44 per share for a total of $25.39 million. Following the purchase, the insider now owns 111.83 million shares.
Berkshire Hathaway Inc disclosed in a document filed with the SEC on Oct 31 ’24 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 679,207 shares of the company’s common stock. The trade occurred on Oct 31 ’24 and was made at $26.59 per share for $18.06 million. Following the transaction, the insider now directly holds 112.5 million shares of the BRK-B stock.
Still, SEC filings show that on Oct 29 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 623,527 shares at an average price of $27.65 for $17.24 million. The insider now directly holds 110,900,317 shares of Berkshire Hathaway Inc (BRK-B).
