Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
BUZZ - Lainer stock rises after Berkshire Hathaway increases holdings

BUZZ - Lainer stock rises after Berkshire Hathaway increases holdings

路透社路透社2026/10/06 15:01
Show original

October 6 — The share price of homebuilder Lennar (LEN.N) rose by 2.4% to $76.24. According to a U.S. Securities and Exchange Commission (SEC) filing, Warren Buffett's Berkshire Hathaway (BRKa.N) purchased approximately 2.4 million Lennar Class A shares between October 1 and 2. The acquisition also included 15,028 Class B shares. The filing shows that as of October 5, Berkshire Hathaway and its subsidiaries held more than 28.4 million Class A shares and over 568,000 Class B shares. LSEG data indicates that Berkshire Hathaway has been steadily increasing its stake in the homebuilder, becoming LEN’s largest shareholder with an ownership rate of 8.7% as of September 30. Including recent fluctuations, LEN’s share price has fallen nearly 26% so far this year. (For the benefit of non-English speakers, Reuters offers automated translations of its reports in several other languages. Please note that automated translations may contain errors or lose necessary context; Reuters does not guarantee their accuracy and offers them solely for reader convenience. Reuters accepts no liability for any damage or loss arising from the use of automated translations.)

- ** The share price of homebuilder Lennar LEN.N rose 2.4% to $76.24

** According to a filing with the U.S. Securities and Exchange Commission (SEC), Warren Buffett's Berkshire Hathaway (BRKa.N) purchased approximately 2.4 million Lennar Class A shares between October 1 and 2

** The acquisition also includes 15,028 Class B shares

** The filing shows that as of October 5, Berkshire Hathaway and its subsidiaries held more than 28.4 million Class A shares and more than 568,000 Class B shares

** According to data from London Stock Exchange Group (LSEG), Berkshire Hathaway has been continuously increasing its stake in the homebuilder, and by September 30, its shareholding proportion had reached 8.7%, making it the largest shareholder of LEN

** Including daily fluctuations, LEN's share price has fallen nearly 26% so far this year


(To assist non-English speakers, Reuters offers automated translations of its reporting in several other languages. As automated translation may be inaccurate or may not cover the necessary context, Reuters does not guarantee the accuracy of the translated text, and it is provided solely for reader convenience. Reuters assumes no responsibility for any damages or losses caused by the use of the automated translation function.)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Adding insult to injury! Japanese electronics giant Nidec downgraded by UBS, stock price plunges over 9% and approaches an 11-month low

UBS has downgraded Nidec's rating from "Buy" to "Neutral" and lowered its target price from 2,800 yen to 2,400 yen, citing a more challenging market environment.

智通财经•2026/10/09 03:53

BUZZ - After an upgrade by Citi, Australia's QBE Insurance may see its best week in four months

On October 9, shares of Australian QBE Insurance Group (QBE.AX) continued their upward trend, rising 1.8% to AUD 24.805, reaching the highest level since August 5. The stock has gained approximately 4.2% this week and is on track for its best weekly performance since early June. Earlier this week, Citi noted in a report that the insurer stands out from its domestic peers due to its ability to achieve at least mid-single-digit, volume-driven gross written premium (GWP) growth while maintaining underwriting margins. The broker upgraded the stock's rating to "Buy" and raised its target price by 10.3% to AUD 26.70. The report also stated that QBE has currently reached a total premium income of USD 1.5 billions and is expected to increase to USD 2.5 billions in the medium term. Citi added that it remains optimistic about the stock thanks to enhanced earnings stability brought by prudent reserving. So far this year, QBE shares have risen about 25%.

路透社•2026/10/09 03:51

Deutsche Bank estimates the impact of rising interest rates: US major banks face capital pressure, and stock buybacks may collectively hit the brakes.

Deutsche Bank recently released an industry research report focusing on the capital pressure faced by large US banks amid a significant rise in interest rates expected in Q3 2026.

智通财经•2026/10/09 03:42