Buffett Berkshire Alphabet Stake
Warren Buffett's endorsement and increased Berkshire investment in Alphabet signals institutional confidence in the company's long-term value and growth prospects
Too little corroboration in the last 3 days to call a trend (9 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Berkshire boosted its holdings by 83% to about 106 million shares worth $38 billion at the end of June in Alphabet. The conglomerate agreed to purchase $10 billion worth of Alphabet stock at a discount in a private placement in June, and added another 19.6 million shares on the open market last quarter."
"Alphabet (GOOGL) gained about +0.7% in pre-market trading after a regulatory filing revealed that Berkshire Hathaway significantly increased its stake in the company during the second quarter."
"Buffett finally makes the Google bet... Buffett's interest in Alphabet is worth noting because he previously admitted he missed the chance to invest in Google years ago... Buffett himself confirmed that he was behind the Alphabet purchase."
"Warren Buffett's Berkshire Hathaway said Friday it boosted the size of its investment in Alphabet by 83% in the second quarter, making the parent of Google and YouTube its third-largest stock holding."
"Berkshire Hathaway said on Friday it boosted the size of its investment in Alphabet by 83 per cent in the second quarter, making the parent of Google and YouTube its third-largest stock holding."
"Berkshire repurchased US$4.5-billion of its own stock and bought US$23.5-billion of other stocks during the second quarter, including a $10-billion investment in Google and YouTube parent Alphabet GOOG-T."
"Berkshire Hathaway buys $10 billion in Alphabet stock and repurchases $4.5 billion in shares"
"Warren Buffett said it was him, not his successor and new Berkshire Hathaway CEO Greg Abel, who led the company's investment in the tech giant. Recently, Berkshire agreed to buy Alphabet shares worth $10 billion in a private placement last month, according to the Google parent. Berkshire began investing in Alphabet in the third quarter of last year and held $16.6 billion worth of shares as of March 31 this year."
"Berkshire also revealed it bought more than 17.8 million Alphabet shares, a stake then valued at $4.3 billion... At current levels, that investment is worth about $21 billion. Last month, Alphabet also said Berkshire had agreed to buy $10 billion of newly issued stock to support the company's expansion of artificial intelligence infrastructure."