This Warren Buffett Stock Is Up 58%. History Says This Is What Happens Next.
DaVita has made Berkshire Hathaway a lot of money. Is Berkshire likely to hold onto the stock?
Overview
Berkshire Hathaway (NYSE: BRKB), run until just recently by billionaire investor Warren Buffett, owns roughly 28 million shares of DaVita (NYSE: DVA), worth roughly $5.18 billion at its most recent share price
The healthcare stock is up more than 58% so far this year, outperforming the sector's sluggish returns. Berkshire Hathaway typically doesn't hold healthcare investments as long as it does in other sectors. DaVita provides dialysis services to patients with end-stage renal disease.
Details
Based on Berkshire's history, I think it is likely to continue taking profits on the stock as it trims its position. Here's why.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.