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Update 4:01pm: Stock closing price
Berkshire Hathaway (NYSE:BRK.B) shares broke its seven-day winning streak. The stock had gained about 6.4% over the course of seven days of advances. Short interest in the company is 0.04% of total float.
The company closed 0.62% down to $383.01, days after it hit its highest levels at $385.73 during Friday's session. Overall, shares have risen about 6.4% since the start of the year.
Looking at Seeking Alpha's Quant Rating, BRK.B has a Hold rating with a score of 3.39 out of 5. The company received A+ for profitability and an A- for momentum, while, its growth and valuation prospects have been graded C+ and C, respectively.
Turning to the Wall Street community, one analyst gave BRK.B a Strong Buy, while one is Buy on the stock. One analyst has given the stock a Hold recommendation.
Seeking Alpha analysts generally see the stock as a Buy.
SA contributor, Daniel Jones, said Berkshire Hathaway continues to make large and interesting investments.
"With so much cash on hand, I would be surprised if we don't see additional sizable transactions throughout this year," said Jones.
Berkshire Hathaway (BRK.A) also continued investment in shares of Occidental Petroleum (OXY), which have now grown to 34%.
"The company confronts a myriad of risks and uncertainties, ranging from those associated with the overall health of the economy to company-specific concerns, such as significant leadership transition risks," said another contributor, Dair Sansyzbayev.
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- Berkshire Hathaway's share of Occidental Petroleum hits 34%