5 Best Stocks to Buy Now According to Tom Gayner’s Markel Gayner Asset Management

2. Berkshire Hathaway Inc. (NYSE:BRK-B)

Markel Gayner Asset Management’s Stake Value: $540,648,000
Markel Gayner Asset Management’s 13F Portfolio: 6.44%
Number of Hedge Fund Holders: 108

Berkshire Hathaway Inc. (NYSE:BRK-B) is a company that specializes in property and liability insurance and reinsurance, as well as utilities and energy, freight rail transportation, banking, manufacturing, and retail.

On May 1, Keefe Bruyette analyst Meyer Shields reduced his price target on Berkshire Hathaway Inc. (NYSE:BRK-B) to $560,000 from $565,000 and maintained a Market Perform rating on the shares. According to Shields, Berkshire Hathaway Inc. (NYSE:BRK-B)’s operating profit per share of $4,774 beat the Street’s projection of $4,278 in the first quarter, owing to higher-than-expected non-insurance profits that were somewhat offset by lower insurance underwriting revenue and higher-than-expected taxes.

At the end of the fourth quarter of 2021, 108 hedge funds in the database of Insider Monkey held stakes worth $19.32 billion in Berkshire Hathaway Inc. (NYSE:BRK-B), up from 106 the preceding quarter worth $19.46 billion.