Top 5 Value Stocks Hedge Funds are Buying in 2022

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

Number of Hedge Fund Holders: 104

P/E Ratio as of May 26: 7.85

Berkshire Hathaway Inc. (NYSE:BRK-B) is a Nebraska-based diversified conglomerate holding company that engages in the insurance, freight rail transportation, and utility businesses worldwide. Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the top value stocks on the radar of institutional investors. 

In the first quarter of 2022, 104 hedge funds were bullish on Berkshire Hathaway Inc. (NYSE:BRK-B), with collective stakes amounting to more than $19 billion. Bill & Melinda Gates Foundation Trust held the biggest position in the company, comprising 28.6 million shares worth over $10 billion. 

On May 1, Keefe Bruyette analyst Meyer Shields lowered the price target on Berkshire Hathaway Inc. (NYSE:BRK-B) to $560,000 from $565,000 and reiterated a Market Perform rating on the shares. Berkshire Hathaway Inc. (NYSE:BRK-B)’s Q1 operating earnings per share of $4,774 outperformed the Street’s $4,278 estimate, due to higher than forecasted non-insurance earnings but offset in part by lower than projected insurance underwriting income and increased taxes, the analyst told investors in a research note.