Insider Buying: Berkshire Hathaway Inc. (NYSE:BRK-B) Major Shareholder Buys $35,224,983.00 in Stock

Posted by Faye Duncan on Jun 15th, 2024

Berkshire Hathaway Inc. (NYSE:BRK-B – Get Free Report) major shareholder Berkshire Hathaway Inc bought 584,550 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $60.26 per share, with a total value of $35,224,983.00. Following the acquisition, the insider now directly owns 251,168,155 shares of the company’s stock, valued at approximately $15,135,393,020.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Wednesday, June 12th, Berkshire Hathaway Inc bought 765,899 shares of Berkshire Hathaway stock. The stock was bought at an average cost of $60.28 per share, with a total value of $46,168,391.72.
On Friday, June 7th, Berkshire Hathaway Inc acquired 1,386,844 shares of Berkshire Hathaway stock. The stock was acquired at an average price of $59.67 per share, with a total value of $82,752,981.48.
On Wednesday, June 5th, Berkshire Hathaway Inc acquired 524,340 shares of Berkshire Hathaway stock. The stock was acquired at an average price of $59.75 per share, with a total value of $31,329,315.00.
On Monday, April 29th, Berkshire Hathaway Inc acquired 311,637 shares of Berkshire Hathaway stock. The stock was acquired at an average price of $25.47 per share, with a total value of $7,937,394.39.
On Friday, April 26th, Berkshire Hathaway Inc acquired 219,303 shares of Berkshire Hathaway stock. The stock was acquired at an average price of $24.46 per share, with a total value of $5,364,151.38.
On Wednesday, April 24th, Berkshire Hathaway Inc acquired 123,388 shares of Berkshire Hathaway stock. The stock was acquired at an average price of $25.22 per share, with a total value of $3,111,845.36.
On Friday, April 12th, Berkshire Hathaway Inc acquired 413,227 shares of Berkshire Hathaway stock. The stock was acquired at an average price of $25.58 per share, with a total value of $10,570,346.66.
On Wednesday, April 10th, Berkshire Hathaway Inc acquired 513,104 shares of Berkshire Hathaway stock. The stock was acquired at an average price of $25.96 per share, with a total value of $13,320,179.84.
On Monday, April 8th, Berkshire Hathaway Inc bought 938,896 shares of Berkshire Hathaway stock. The shares were purchased at an average cost of $26.98 per share, with a total value of $25,331,414.08.
On Thursday, April 4th, Berkshire Hathaway Inc bought 1,250,000 shares of Berkshire Hathaway stock. The shares were purchased at an average cost of $27.76 per share, with a total value of $34,700,000.00.

Berkshire Hathaway Price Performance

NYSE:BRK-B opened at $405.44 on Friday. The firm’s fifty day moving average price is $407.47 and its 200 day moving average price is $392.91.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on Berkshire Hathaway

Berkshire Hathaway Company Profile

(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.