5 Best Blue-Chip Stocks to Invest In

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

Number of Hedge Fund Holders: 116

Berkshire Hathaway Inc. (NYSE: BRK-B) is a Nebraska-based holding company managed by Warren Buffett and it ranks 2nd on the list of 15 best blue-chip stocks to invest in. Berkshire Hathaway Inc. (NYSE: BRK-B) operates in insurance, transportation, energy, and consumer markets.  

UBS analyst Brian Meredith kept a Buy rating on Berkshire Hathaway Inc. (NYSE: BRK-B) and raised the stock’s price target to $329 per share from $319 previously, citing the company’s better-than-expected Q2 results driven by a cyclical recovery.

The company has a market cap of $646 billion. Berkshire Hathaway Inc. (NYSE: BRK-B) stock increased 0.6% on August 9 after the company reported a 21% increase in second-quarter operating earnings of $6.7 billion. In the second quarter of 2021, Berkshire Hathaway Inc. (NYSE: BRK-B) reported an EPS of $2.93, beating estimates by $0.28. The company’s second-quarter revenue came in at $69.11 billion and beat revenue estimates by $5.70 billion. The stock has gained 23.2%, year to date and 31% in the past twelve months.

At the end of the second quarter of 2021, 116 hedge funds in the database of Insider Monkey held stakes worth $22.4 billion in Berkshire Hathaway Inc. (NYSE: BRK-B), up from 111 in the preceding quarter worth $19.9 billion.