首页 News 正文

Buffett is cutting flesh again! Berkshire further reduces its stake in HP to 5.2%

我放心你带套猛
296 0 0

According to a regulatory document released on Monday evening, investment giant Berkshire Hathaway under Warren Buffett has reduced its stake in printer and personal computer manufacturer HP to 5.2%.
Berkshire had previously experienced 9 consecutive days of selling HP stocks from mid September to early October, reducing its stake in the latter to around 10%.
Affected by the news of reducing holdings, HP's stock price fell more than 1% in post market trading on Monday. During regular trading hours, the stock rose 3.09% to $30.37.
Berkshire currently holds 51.5 million shares of HP stock, valued at approximately $1.6 billion based on Monday's closing price of $30.37. FactSet data shows that Berkshire remains the third largest institutional shareholder of HP, after BlackRock and Vanguard Group.
Or clear all HP shares held
Berkshire initially purchased HP stock in April 2022. However, this bet did not bring any returns, and HP's stock price is still below the level when Berkshire first bought it. HP's stock price has risen by 13% so far this year, but its performance is far inferior to the Nasdaq Composite Index, which has risen by nearly 38%.
Analysts speculate that the sluggish personal computer market may be the main reason why the stock god, even if cutting meat, wants to reduce his holdings in HP at the moment.
HP is still struggling with the sluggish personal computer market that has been going on for over a year. The quarterly report released by the company last month showed that due to the failure of the PC market growth rate to meet expectations, the fourth quarter sales performance was poor, and the company's revenue decreased by 6.5% year-on-year to $13.8 billion.
In addition, HP's profit guidance for the first quarter of next year was lower than Wall Street's expectations. However, the company maintains its annual profit expectations unchanged.
Many Buffett observers predict that the intention of this "Omaha prophet" is to liquidate his stake in HP. This 93 year old investment idol sees stock holdings as part of the company, so once he starts selling, he usually clears his position.
"We won't just cut positions. This is not our way of dealing with problems, just like buying 100% of a company's shares," Buffett once said.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  • 【科技记者古尔曼:苹果计划于12月第一周发布iOS 18.2系统更新 带来更多人工智能功能】科技记者古尔曼透露,苹果计划于12月第一周发布iOS 18.2系统更新。iOS 18.2将为iPhone 15 Pro机型和所有iPhone 16机型带来更多 ...
    cristianna
    昨天 17:32
    支持
    反对
    回复
    收藏
  •   近日,爱立信中国区总裁方迎在接受《经济参考报》记者采访时表示,5G技术在全球范围内得到了迅速发展,但面临商业潜力未能充分挖掘、网络运营难度较以往更高两大挑战。因此,运营商在继续5G网络部署的同时,应关 ...
    blueskybb
    昨天 15:05
    支持
    反对
    回复
    收藏
  • 【特斯拉首次聘请了一位品牌大使】特斯拉近日公布了首位品牌大使韩国奥运射击选手金艺智,这一举动有些出人意料,毕竟它曾经对广告的态度十分不屑。 ...
    xyyg
    昨天 13:34
    支持
    反对
    回复
    收藏
  •   “新四化”的时代浪潮下,新能源汽车行业百家争鸣。伴随着自主品牌不断崛起,合资品牌当下的生存状况备受外界关注,如何打好电动化时代的突围战,成为合资品牌的新课题。   作为国内合资车企的代表之一,上汽 ...
    mbgg2797
    1 小时前
    支持
    反对
    回复
    收藏
我放心你带套猛 注册会员
  • 粉丝

    0

  • 关注

    0

  • 主题

    31