Berkshire Hathaway shares hit all-time highs

Both classes of Berkshire Hathaway stock set new all-time intraday highs in today's trading.

VIEW IN BROWSER | SUBSCRIBE FRI, FEB 05, 2021 WARREN BUFFETT WATCH Berkshire shares hit all-time highs Both classes of Berkshire Hathaway stock hit all-time intraday highs in today's trading, building on a rally that has erased the steep drop last March that was sparked by the onset of the coronavirus pandemic.   Class A shares traded as high as $356,500 today before falling back to close at $354,401, a 0.1% drop from yesterday's all-time closing high of $354,760.     It's the same story for the Class B shares.  They hit $236.98 today before losing a bit of ground to close at $235.16, a drop of 0.3% from yesterday's all-time closing high of $235.77.     Earlier this week, UBS has raised its price target for Berkshire Hathaway Class B shares to $272 from $233, according to Reuters.   The new target would be a gain of almost 16% from today's closing price.   The Class A target went to $407,000 from $350,000, which is 15% more than today's close. NetJets invests in turning waste into fuel Berkshire Hathaway's NetJets says it is the first private aviation company to "buy a stake in the production of sustainable aviation fuel."   It has committed to buying at least 100 million gallons of fuel over the next ten years produced by WasteFuel, a company that says it uses "proven technology that converts municipal waste into aviation grade biofuel that burns at an 80% reduction in carbon to fossil fuel-based aviation fuel."   Aviation Week reports NetJets is also acquiring a 20% stake in WasteFuel.     According to the news release, the companies are starting to develop a plant in Manilla, Philippines that would eventually "convert 1 million tons of municipal waste into 30 million gallons" of jet fuel each year.   They hope to have it operational in 2025. BUFFETT AROUND THE INTERNET Some links may require a subscription Des Moines Register: Des Moines-based MidAmerican Energy, Iowa's largest power company, names its new CEO Inc.: Warren Buffett: What Smart People Do With a Huge Financial Windfall (GameStop Edition) CNBC.com: Fed's Powell just talked up a classic Buffett market bogeyman: Inflation BERKSHIRE STOCK WATCH         BERKSHIRE'S TOP U.S. STOCK HOLDINGS - Feb 5, 2021     Berkshire's top holdings of disclosed publicly-traded U.S. stocks by market value, based on today's closing prices.   Holdings are as of September 30, 2020 as reported in Berkshire Hathaway and New England Asset Management's 13F filings on November 16, 2020.     The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.   QUESTIONS OR COMMENTS Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)   If you aren't already subscribed to this newsletter, you can sign up here.     -- Alex Crippen, Editor, Warren Buffett Watch   Unsubscribe Manage Newsletters Terms of Service   Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS