W3Schools

Apple became first $800 billion company after Buffett nearly tripled his stake

Apple Inc.’s market value briefly topped $800 billion for the first time Monday, as the stock surged further into uncharted territory after Warren Buffett’s Berkshire Hathaway Inc. disclosed it boosted its stake in the technology giant to nearly $20 billion in recent months.

The billionaire investor’s investment vehicle disclosed in its quarterly filing with the Securities and Exchange Commission that Apple was its second-biggest equity holding by value, after increasing its investment to $19.2 billion worth of the stock as of March 31 from $7.1 billion as of Dec. 31.

Based on the March 31 closing price of Apple’s stock AAPL, +2.87% that means Berkshire owned about 133.65 million Apple shares, or 2.6% of the shares outstanding.

>>> Original Source <<<

Comentários