Berkshire Hathaway (BRK.B): A Bill Gates-Backed Stock Expanding Its Housing Bet With Taylor Morrison Deal Berkshire Hathaway B (NYSE:BRK.B) is one of the best stocks to buy according to billionaire Bill Gates.
Berkshire Hathaway stock is backed by 130 hedge funds
Analysts see at least a 13% upside in Berkshire shares from the current level. On May 31, Berkshire Hathaway B (NYSE:BRK.B) said it would acquire homebuilder Taylor Morrison Home Corporation (NYSE:TMHC) for roughly $6.8 billion in cash. Arizona-based Taylor Morrison owns more than 350 communities across 12 states.
It’s one of America’s largest community developers and homebuilders. It also offers financial services, including loans, insurance, titles, and escrow to consumers. The Taylor Morrison deal sets Berkshire on track to deepen its presence in the US housing market.