Warren Buffett is Selling These 5 Stocks

In this article, we discuss the 5 stocks that Warren Buffett is Selling. If you want to read our detailed analysis of these stocks, go directly to Warren Buffett is Selling These 10 Stocks.

5. Charter Communications, Inc. (NASDAQ:CHTR)

Number of Hedge Fund Holders: 74

Percentage Decline in Stake: 20%

Charter Communications, Inc. (NASDAQ:CHTR) is one of the biggest broadband and cable providers in the US, with 32 million customers. Charter’s total revenue increased by 9.2% year over year to $13.1 billion in the third quarter of 2021, topping analyst consensus by nearly $200 million.

Kannan Venkateshwar of Barclays kept an Equal Weight rating on Charter Communications, Inc. (NASDAQ:CHTR) with a price target of $700 in November. The stock gained 4.6% in the previous year. 

Between the periods of June and September, Berkshire Hathaway reduced its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 20%. The fund owned 4.2 million shares in the cable company worth $3.05 billion at the end of the third quarter. The cable company accounted for 1.04% of Berkshire Hathaway’s portfolio. Moreover, during the third quarter, 74 of the 867 hedge funds polled by Insider Monkey owned a stake in Charter Communications, Inc. (NASDAQ:CHTR).