Berkshire Hathaway Inc. (NYSE:BRK-B) Major Shareholder Berkshire Hathaway Inc Sells 5,031,014 Shares

Posted by Faye Duncan on Sep 6th, 2024

Berkshire Hathaway Inc. (NYSE:BRK-B – Get Free Report) major shareholder Berkshire Hathaway Inc sold 5,031,014 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $40.28, for a total transaction of $202,649,243.92. Following the transaction, the insider now directly owns 863,977,599 shares in the company, valued at approximately $34,801,017,687.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Tuesday, September 3rd, Berkshire Hathaway Inc sold 8,031,639 shares of Berkshire Hathaway stock. The shares were sold at an average price of $40.66, for a total transaction of $326,566,441.74.
On Friday, August 30th, Berkshire Hathaway Inc sold 7,938,699 shares of Berkshire Hathaway stock. The stock was sold at an average price of $40.61, for a total transaction of $322,390,566.39.
On Wednesday, August 28th, Berkshire Hathaway Inc sold 7,081,075 shares of Berkshire Hathaway stock. The stock was sold at an average price of $39.95, for a total transaction of $282,888,946.25.
On Monday, August 26th, Berkshire Hathaway Inc sold 10,975,008 shares of Berkshire Hathaway stock. The shares were sold at an average price of $39.87, for a total transaction of $437,573,568.96.
On Friday, August 23rd, Berkshire Hathaway Inc sold 6,754,272 shares of Berkshire Hathaway stock. The stock was sold at an average price of $39.79, for a total transaction of $268,752,482.88.
On Monday, August 19th, Berkshire Hathaway Inc sold 5,035,018 shares of Berkshire Hathaway stock. The stock was sold at an average price of $39.65, for a total value of $199,638,463.70.
On Thursday, August 15th, Berkshire Hathaway Inc sold 5,183,829 shares of Berkshire Hathaway stock. The shares were sold at an average price of $39.31, for a total value of $203,776,317.99.
On Wednesday, July 31st, Berkshire Hathaway Inc sold 6,993,520 shares of Berkshire Hathaway stock. The shares were sold at an average price of $40.63, for a total value of $284,146,717.60.
On Monday, July 29th, Berkshire Hathaway Inc sold 5,264,601 shares of Berkshire Hathaway stock. The stock was sold at an average price of $41.20, for a total value of $216,901,561.20.
On Friday, July 26th, Berkshire Hathaway Inc sold 7,526,661 shares of Berkshire Hathaway stock. The shares were sold at an average price of $41.70, for a total value of $313,861,763.70.

Berkshire Hathaway Stock Performance

Shares of BRK-B stock opened at $464.89 on Friday. The stock’s fifty day moving average price is $435.75 and its two-hundred day moving average price is $418.32.

Wall Street Analysts Forecast Growth

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

View Our Latest Research 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.