Shares of Berkshire Hathaway Hit $100,000

OMAHA, NEB. (TheStreet) -- Shares of Warren Buffett's Berkshire Hathaway (BRK.A Quote) returned today to the $100,000 mark, after the company reported that it earned $1 billion in profit from its investment in BYD.

BYD is the seventh-largest car company in China, as well as the country's largest producer of rechargeable batteries. It is also the power unit supplier for a number of mobile phone companies, including Nokia(NOK Quote), Motorola(MOT Quote), Samsung Electronics and LG Electronics.

The deal between BYD and Berkshire Hathaway's MidAmerican Energy Holdings unit was announced last September, according to a report on RealMoney.com on Monday. Berkshire agreed to buy 225 million shares of BYD for HK$8 each.

The total investment came to about $223 million, which gave Buffett a stake of almost 10% in the company. BYD's stock has since quintupled, leaving Buffett and Berkshire with a tidy $1 billion payout.

Recently the company has upped its stake in Johnson & Johnson(JNJ Quote), U.S. Bancorp(USB Quote) and Wells Fargo(WFC Quote). It has also divested its stake in Constellation Energy(CEG Quote) and cut its stake in Moody's.

Shares of the company have been trading between $70,050 and $147,000 during the 52-week period. This is the first time it closed at $100,000 since Jan. 6 of this year. The stock prices is up almost $15,000 per share since June 10.

-- Reported by Jeanine Poggi in New York.