Berkshire Hathaway Adds $276M in Lennar Corporation ($LEN)
Key Points
- Berkshire Hathaway changed its Lennar Corporation ($LEN) stake by 43.24% last quarter, boosting to 10,099,642 shares worth $913.92 million.
- Wall Street's consensus rating on $LEN is Hold and an average price target of $86.23.
- $LEN last traded around $90.49.
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Berkshire Hathaway increased its position in Lennar Corporation ($LEN) by 43.24% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,099,642 shares of Lennar Corporation after buying 3,048,692 shares during the quarter. Berkshire Hathaway's holdings in Lennar Corporation were worth $913.92 million as of its most recent filing.
Lennar Corporation Stock Up 4.8%
Shares of Lennar Corporation ($LEN) traded around $90.49 on Saturday, up 4.8% for the day.
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About Lennar Corporation
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originating and selling securitization commercial mortgage loans. In addition, the company is involved in fund investment activities. It primarily serves first-time, move-up, active adult, and luxury homebuyers. The company was founded in 1954 and is based in Miami, Florida.
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