Warren Buffett Just Bought More Apple Shares. Should You?
If you look at Warren Buffett's Berkshire Hathaway, you can see a clear preference for one company: Apple (NASDAQ: AAPL). Berkshire's stake in the company is worth over $156 billion -- an incredible 47% of its investment portfolio. With Berkshire's $700 billion market cap, it's not unfair to say that over a fifth of the company is Apple.
While most investors would be uncomfortable with that concentration level, Berkshire clearly isn't. It added 20 million more shares (about a 2% increase in its stake) during the first quarter. So should you follow Buffett's example with Apple, or are there better investments out there? Let's take a look.
Apple's products have become a staple for the American consumer. Whether it's a MacBook, AirPods, or the ever-popular iPhone lineup, Apple has successfully launched and developed a product ecosystem few companies could ever dream of achieving.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 102 Buy predictions and 8 Sell predictions.
As a result the target price of 210 € shows a slightly positive potential of 3.81% compared to the current price of 202.3 € for Apple Inc..
