Warren Buffett’s Berkshire Hathaway has held Moody’s Corporation since 2010, with its stake now worth $10.7 billion. Berkshire initially disclosed 28.4 million shares in the fourth quarter of 2010, valued at $754 million. By the fourth quarter of 2013, the holding was reduced to 24.6 million shares, worth $1.9 billion at the time, and has remained unchanged since. The same number of shares is now valued at $10.7 billion, reflecting an average share price of $473. Mizuho lowered its price target on Moody’s to $521 from $524 with a Neutral rating after the company reported first-quarter revenue of $2.1 billion and earnings per share of $4.33, both exceeding analyst estimates. BMO raised its target to $489 from $463 with a Market Perform rating, citing optimism about Moody’s artificial intelligence implementation for data management.
Mizuho Financial Group, Inc.
Bank of MontrealMoodys CorporationQ1 revenue and EPS beat estimates; analyst price target raised by BMO
Berkshire Hathaway Inc