5 Stocks Warren Buffett is Selling

4. Liberty Global plc (NASDAQ: LBTYA)

Number of Hedge Fund Holders: 35  

Liberty Global plc (NASDAQ: LBTYA) is a firm that provides broadband, video, mobile communications, and telephone services. It is placed fourth on our list of 10 stocks Warren Buffett is selling. The company’s shares have returned 15% to investors in the past twelve months. At the end of March, Berkshire Hathaway owned 3.3 million shares in the company worth $86 million, representing 0.03% of the portfolio. Buffett had trimmed stake in the firm by 82% by March compared to December 2020. 

On June 23, investment advisory JP Morgan gave Liberty Global plc (NASDAQ: LBTYA) stock an Overweight rating with a price target of $37, implying an upside potential of close to 33% for the communications services firm. 

At the end of the first quarter of 2021, 35 hedge funds in the database of Insider Monkey held stakes worth $848 million in Liberty Global plc (NASDAQ: LBTYA), down from 36 in the preceding quarter worth $1.1 billion.