Berkshire Stays Flat as Lennar Stake Crosses 10%

This article first appeared on GuruFocus. Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), the insurance and investment conglomerate, disclosed that it bought about 2.74 million more Lennar shares. Berkshire stays flat at $507.01 at 11.27am ET time on Thursday The filing records about 2.67 million Class A shares and 75,021 Class B shares bought across September 17, 18 and 21. At the disclosed weighted-average prices, the purchases cost an estimated $212.4 million, bringing Berkshire's holdings to 23.72 million Class A shares and 528,217 Class B shares. The chart shows Berkshire trading at $507.01, about 5.79% above its GuruFocus GF Value of $479.25. Is BRK.A fairly valued? Test your thesis with our free DCF calculator.BRK.