Buy buy buy! "Stock God" Buffett frequently increases his holdings in VeriSign, Inc. (VRSN.US)!
05/01/2025
GMT Eight
Berkshire Hathaway's latest filing with the U.S. Securities and Exchange Commission (SEC) shows that it purchased approximately 20,000 shares of VeriSign, Inc. (VRSN.US) common stock between December 31, 2024 and January 3, 2025, totaling about $4.1 million, or approximately 30 million Chinese yuan.
This is the third time since December 2024 that Berkshire Hathaway has disclosed its increased holdings in this internet company. Previously, Berkshire Hathaway increased its stake in the company by about 234,000 shares between December 17 and December 19, 2024, spending approximately $45.4 million. Between December 20 and December 24, 2024, Berkshire Hathaway purchased an additional 143,400 shares of VeriSign, Inc. stock for around $28.5 million. These two rounds of purchases totaled approximately $73.9 million, or about 540 million Chinese yuan.
Warren Buffett has been frequently increasing his holdings in VeriSign, Inc.
According to recent trading records, Berkshire Hathaway has been active in VeriSign, Inc. stock.
Data shows that as early as 2013, Berkshire Hathaway first purchased this tech stock, and has maintained a stable stake for many years. Until the regulatory filing disclosed on December 19, 2024, Berkshire Hathaway had increased its stake by about 234,000 shares of VeriSign, Inc. stock for around $45 million between December 17 and December 19.
Subsequently, a report on December 30, 2024 indicated that Berkshire Hathaway invested approximately $28.5 million in purchasing 143,424 shares of VeriSign, Inc. stock by December 24. After this increase, the company held 13.7% of VeriSign, Inc.'s outstanding shares, valued at nearly $2.7 billion.
Following this, between December 31, 2024 and January 3, 2025, Berkshire Hathaway acquired approximately 20,044 shares of VeriSign, Inc. common stock for around $4.1 million.
VeriSign, Inc. was founded in 1995 and is primarily engaged in domain name registration and network security infrastructure services, playing a critical role in the underlying architecture of the internet. It is reported that the company is a leader in domain registration services, far surpassing its competitors.
There are reports that one of the reasons Buffett may be interested in VeriSign, Inc. is its high ranking in various profit margin indicators among the Standard & Poor's 500 Index companies. Data shows that in the third quarter of this year, VeriSign, Inc. had a gross profit margin of 88.02%, ranking 11th among S&P 500 Index companies; an operating profit margin of 71.25%, ranking 6th; and a net profit margin of 51.54%, ranking 7th.
The recent stock price of VeriSign, Inc. has been consistently rising, with an increase of about 7.6% in the 10 trading days since Buffett's disclosure of increased holdings on December 19.
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