Berkshire Hathaway Stock Hits New Milestone At $200,000

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Berkshire Hathaway Stock Hits New Milestone At $200,000

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Berkshire Hathaway Stock Hits New Milestone At $200,000

by Wochit 0:55 mins

Berkshire Hathaway Stock Hits New Milestone At $200,000

by Wochit 0:55 mins

Berkshire Hathaway's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy. Class A shares of Berkshire, which have never been split, rose as high as $201,114, as the Omaha, Nebraska-based company's market value swelled to $327.8 billion, making it the fourth-largest in the benchmark S&P 500 index. By some measures, Berkshire remains moderately priced, trading at about 1.4 times its book value, a measure of assets minus liabilities, in the most recent quarter. Buffett has said he will consider buybacks only at or below a 1.2 times multiple.

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