Berkshire Hathaway Inc. (NYSE:BRK-B) Major Shareholder Sells $229,779,191.61 in Stock

Posted by Andrew Walz on Jul 27th, 2024

Berkshire Hathaway Inc. (NYSE:BRK-B – Get Free Report) major shareholder Berkshire Hathaway Inc sold 5,420,599 shares of Berkshire Hathaway stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $42.39, for a total value of $229,779,191.61. Following the completion of the transaction, the insider now owns 980,061,561 shares of the company’s stock, valued at approximately $41,544,809,570.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Berkshire Hathaway Inc also recently made the following trade(s):

On Monday, July 22nd, Berkshire Hathaway Inc sold 6,349,021 shares of Berkshire Hathaway stock. The shares were sold at an average price of $42.41, for a total value of $269,261,980.61.
On Friday, July 19th, Berkshire Hathaway Inc sold 12,291,807 shares of Berkshire Hathaway stock. The shares were sold at an average price of $43.13, for a total value of $530,145,635.91.
On Wednesday, July 17th, Berkshire Hathaway Inc sold 12,690,693 shares of Berkshire Hathaway stock. The shares were sold at an average price of $44.07, for a total value of $559,278,840.51.
On Monday, June 17th, Berkshire Hathaway Inc bought 334,461 shares of Berkshire Hathaway stock. The stock was purchased at an average cost of $59.75 per share, with a total value of $19,984,044.75.
On Friday, June 14th, Berkshire Hathaway Inc sold 12,419 shares of Berkshire Hathaway stock. The shares were sold at an average price of $33.12, for a total value of $411,317.28.
On Wednesday, June 12th, Berkshire Hathaway Inc bought 765,899 shares of Berkshire Hathaway stock. The stock was purchased at an average cost of $60.28 per share, with a total value of $46,168,391.72.
On Monday, June 10th, Berkshire Hathaway Inc bought 584,550 shares of Berkshire Hathaway stock. The stock was purchased at an average cost of $60.26 per share, with a total value of $35,224,983.00.
On Friday, June 7th, Berkshire Hathaway Inc bought 1,386,844 shares of Berkshire Hathaway stock. The stock was purchased at an average cost of $59.67 per share, with a total value of $82,752,981.48.
On Wednesday, June 5th, Berkshire Hathaway Inc bought 524,340 shares of Berkshire Hathaway stock. The stock was purchased at an average cost of $59.75 per share, with a total value of $31,329,315.00.
On Monday, April 29th, Berkshire Hathaway Inc bought 311,637 shares of Berkshire Hathaway stock. The stock was purchased at an average cost of $25.47 per share, with a total value of $7,937,394.39.

Berkshire Hathaway Stock Up 1.0 %

NYSE BRK-B opened at $437.66 on Friday. The firm has a 50 day moving average of $415.32 and a 200-day moving average of $405.53.

Wall Street Analysts Forecast Growth

Separately, Argus raised Berkshire Hathaway from a “hold” rating to a “buy” rating and set a $450.00 price objective for the company in a research note on Wednesday, May 29th.

View Our Latest Report on Berkshire Hathaway

About Berkshire Hathaway

(Get Free Report)

Berkshire Hathaway Inc, through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.