Berkshire Hathaway, owned by the "Stock God" Buffett, hits a new historical high in stock price.
It was reported that the stock price of Berkshire Hathaway A shares, owned by the "Stock God" Buffett, hit a new historical high. Data shows that Berkshire Hathaway A shares rose 1.66% on Friday to $639,500, surpassing the record of $634,440 set on March 28.
Up until now in 2024, the stock has risen 17.2%, slightly lower than the total return rate of 18.5% of the S&P 500 index. On the same day, B shares rose 1.1% to $423.
Currently, the market capitalization of Berkshire Hathaway is approximately $914 billion. Buffett owns approximately 15% of the company's shares, or 207,964 A shares, worth approximately $133 billion.
Recently, due to the rebound of value-oriented stocks, Berkshire Hathaway's stock has been boosted. Value stocks have lagged behind growth stocks so far this year. Berkshire Hathaway is the largest component stock in the Russell 1000 Value Index, which is composed of value stocks from the top 1,000 companies ranked by market capitalization.
Berkshire Hathaway's A shares are still below the intraday high of about $647,000 set after the release of its first-quarter report on February 26.
The rise in Berkshire Hathaway's $400 billion stock portfolio is mainly driven by the rise of Apple (AAPL.US), and Apple's stock accounts for more than 40% of the portfolio. Apple's stock rose 1.31% to $230.54 on Friday, up 35% since the end of the first quarter. Berkshire Hathaway's current PE ratio is about 22 times expected earnings in 2024, slightly lower than the S&P 500 index's 23 times.