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Published: Fri, February 17, 2017
Tech | By Dwayne Harmon

Buffett's Apple stock purchase gains $1.1B in six weeks


Many academics claim investing is a "random walk". The project will rehabilitate the property by addressing critical safety issues, upgrading the living areas and increasing the number of Americans with Disabilities Act (ADA)-compliant units. But year-over-year sales growth returned in the December quarter, up 5%, and the new iPhone 8 is expected to rejuvenate demand later this year. Investors looking further ahead will note that the Price to next year's EPS is 20.69%. BAC institutional ownership remained 65.70% while insider ownership included 41.80%.

Analyst recommendation for this stock stands at 2.00. The latest reports which are outstanding on Thursday 16th of February state 0 analysts have a rating of "strong buy", 0 analysts "buy", 0 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". We don't want to say that the leopard has changed its spots, but a almost $7 billion stake in another technology company (noting that Berkshire's stake in IBM was worth $13.4 billion at the end of the fourth quarter), represents an bad large bet (13.6% of the insurer's equity holdings) for a man who has traditionally avoided technology stocks.

Berkshire Hathaway made other changes.

Vetr lowered shares of Berkshire Hathaway Inc.

At the end of 2016, that Berkshire Hathaway holding was worth $6.6 billion.

Berkshire reported owning 57.4 million shares of Apple, worth of $7.74 billion. Berkshire officials don't generally comment on the filings and didn't respond to questions Tuesday. As for the rationale behind buying the airlines, we were a bit shocked to see the transactions (especially of this magnitude), as Buffett has shunned the industry ever since his bad experience with his bet on US Airways back in 1989-95, calling the investment a mistake in nearly every annual letter from 1989 to 1996. In fact, he might deserve little of it. David Kass, a professor at the University of Maryland's Robert H. Smith School of Business who studies Buffett and is a Berkshire shareholder, suspects that one or both of Buffett's chief stock-picking lieutenants, Ted Weschler and Todd Combs, are behind the move into Apple. On Tuesday, the stock's price hit new highs.

Berkshire Hathaway has a 50 day moving average of 244377.00 and a 200 day moving average of 230467.00.

To take look on ration of tradable shares being shorted in market, float short ration was 0.75%, as compared to sentiment indicator; Short Ratio was 2.50.

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