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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Buffett's Berkshire Hathaway Sells 401K DaVita Shares Two Days Before Q3 Earnings Decline

DaVita Berkshire Hathaway Warren Buffett Javier Rodriguez KBW
Warren Buffett will step down as Berkshire Hathaway chair by year-end.

Warren Buffett's Berkshire Hathaway offloaded 401,514 shares of healthcare company DaVita (NYSE: DVA) at $135.35 (£102.56) per share, worth approximately $54.3 million (£41.1 million). This sale occurred just two days before DaVita's stock tumbled following its lower Q3 earnings.

According to the latest filing with the Securities and Exchange Commission (SEC), Berkshire Hathaway sold the shares on 27th October. The stock subsequently dropped to around $126 (£95.47) during Thursday's premarket hours, after DaVita reported a decline in adjusted earnings for Q3.

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