financetom
Technology
financetom
/
Technology
/
Berkshire Hathaway sells another 750,000 DaVita shares
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Berkshire Hathaway sells another 750,000 DaVita shares
Feb 19, 2025 6:15 PM

Feb 19 (Reuters) - Warren Buffett's Berkshire Hathaway ( BRK/A )

said it has sold an additional 750,000 shares of DaVita ( DVA )

, reducing its stake in the kidney dialysis services

provider by about 2% to 35.14 million shares worth $5.4 billion.

The sales between February 14 and 19 totaled about $115

million, according to a Wednesday night filing with the U.S.

Securities and Exchange Commission.

The sales reduced Berkshire's ownership stake in DaVita ( DVA ) to

about 44%, based on DaVita's ( DVA ) 80 million outstanding shares as of

January 31.

The latest sales follow a sale by Berkshire of 203,091

DaVita ( DVA ) shares back to the Denver-based company on February 11,

pursuant to an agreement for DaVita ( DVA ) on a quarterly basis to

repurchase enough shares to reduce Berkshire's stake to 45%.

It wasn't immediately clear why Berkshire sold

additional DaVita ( DVA ) shares.

The latest selling came after DaVita's ( DVA ) 2025 earnings

outlook on February 13 disappointed investors.

DaVita's ( DVA ) share price fell 11% the following day. The

shares closed at $154.96 on Wednesday.

Neither Berkshire nor DaVita ( DVA ) immediately responded to

requests for comment on Wednesday after market hours.

Berkshire has owned DaVita ( DVA ) shares since the fourth

quarter of 2011.

The investment was spearheaded by Ted Weschler, who

joined Berkshire as a portfolio manager in 2012 and had invested

in DaVita ( DVA ) at his former hedge fund firm Peninsula Capital

Advisors.

Buffet has led Omaha, Nebraska-based Berkshire since

1965.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
HP to cut about 6,000 jobs by 2028, ramps up AI efforts
HP to cut about 6,000 jobs by 2028, ramps up AI efforts
Nov 25, 2025
Nov 25 (Reuters) - HP Inc ( HPQ ) said on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and adopt artificial intelligence to speed up product development, improve customer satisfaction and boost productivity. HP's teams focused on product development, internal operations and customer support will...
Ambarella, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results
Ambarella, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results
Nov 25, 2025
SANTA CLARA, Calif., Nov. 25, 2025 (GLOBE NEWSWIRE) -- Ambarella, Inc. ( AMBA ) , an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2026 ended October 31, 2025. Revenue for the third quarter of fiscal 2026 was $108.5 million, up 31.2% from $82.7 million in the same period in fiscal 2025. For...
Applied Optoelectronics to Present at the Raymond James 2025 TMT & Consumer Conference
Applied Optoelectronics to Present at the Raymond James 2025 TMT & Consumer Conference
Nov 25, 2025
SUGAR LAND, Texas, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. ( AAOI ) (“AOI”), a leading provider of advanced optical and HFC networking products that power the internet, today announced the Company will present via a fireside chat at the following investor conference: Event: Raymond James 2025 TMT & Consumer Conference Date: Tuesday, December 9th, 2025 Presentation Time:...
Datavault AI Licenses Patents Covering Digital Ledger-Enabled Smart Contracts for Commercial Prescription Drug Distribution Industry to Wellgistics Health
Datavault AI Licenses Patents Covering Digital Ledger-Enabled Smart Contracts for Commercial Prescription Drug Distribution Industry to Wellgistics Health
Nov 25, 2025
§ Exclusive licensing arrangement positions Wellgistics to become the Web 3.0 Health Information Data Transfer Leader in the $634 billion Prescription Drug Industry[1] §  Implementation of Wellgistics' proprietary EinsteinRx AI hub anticipated to facilitate automated prescription fulfillment optimization for manufacturers, pharmacies, physicians, patients, and payers §  Datavault’s enabling IP provides smart contracts barrier to entry in the $4.9 trillion US...
Copyright 2023-2026 - www.financetom.com All Rights Reserved