According to the latest documents submitted to the US SEC, Buffett's Berkshire Hathaway purchased about 20044 shares of VeriSign (VeriSign) common stock at a price of about 4.1 million US dollars from December 31, 2024 to January 3, 2025, with prices ranging from $204.61 to $204.94 per share.
Since mid-December, Berkshire has spent a total of about $93.65 million to increase its shares in Verisign. Currently, it holds more than $2.7 billion and is Verisign's largest shareholder.
Berkshire Hathaway is very familiar with VeriSign and first purchased the company's shares more than a decade ago in the fourth quarter of 2012.
The analysis shows that among the S&P 500 constituent companies, VeriSign ranks very high in various profit margin indicators.
In the third quarter of this year, VeriSign's gross margin was 88.02%, ranking 11th among S&P 500 companies, with an operating margin of 71.25%, ranking 6th, and a net profit margin of 51.54%, ranking 7th. All three profit margin indicators have improved compared to a year ago...
VeriSign became famous during the internet boom in the late 1990s because it was the preferred place to register domain names for websites, controlling the registration of domain names such as “.com,” “.net,” “.cc,” and “.name.” Buffett is buying more than just a stock; he is an integral part of the internet's backbone.
Since its listing on January 30, 1998, VeriSign shares have experienced roller coaster fluctuations. The stock rose 131.7% in 1998, soared to a record 1191.8% in 1999, and reached the closing high of $253 before the Internet bubble burst on February 29, 2000.
In 2021, the stock once again surpassed its high during the internet bubble. The closing price on December 29 of that year was $255.93.