Buffett reduced his holdings of BYD for the sixth time this year, selling a total of more than 60 million shares

The Hong Kong Stock Exchange disclosed that on December 8, Buffett’s Berkshire Hathaway sold 1,329,500 BYD H shares at an average transaction price of HK$201.3432 per share; after the transaction, the company’s latest shareholding ratio down to 14.95%. In 2008, Berkshire Hathaway bought 225 million BYD H shares at a price of 8 Hong Kong dollars per share, and it has been 14 years since then. In August of this year, Berkshire Hathaway began to reduce its holdings of BYD H shares for the first time. As of this sell-off, Buffett has reduced his holdings of more than 60 million shares in six times, and the current number of holdings has dropped to 164 million shares. | Related reading (Observer.com)

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Every time Buffett reduces his holdings of BYD, it will generally become a hot spot sought after by domestic commercial media, but the six reductions are only a small part, and it is far from the point of liquidation. Buffett’s fund has made a lot of money in BYD. Now, taking advantage of BYD’s stock price to sell at a high level, it is reasonable to use this fund to invest in other companies.

BYD is already a very mature new energy company, and the current stock price of more than 260 yuan is considered a high level. This has sent BYD to the car company with the highest market value in China and the top five car companies in the world. Neither Wang Chuanfu nor Buffett may have thought of it this ending.

But BYD is not without development worries. If you only count BYD’s pure electric field, you can’t see any bright spots in its development. At present, BYD is still focusing on the development of hybrid, which is regarded as a compromise strategy.

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