Ed Lin

Berkshire Hathaway bought up more VeriSign shares as the final days of 2024 ticked away.

Warren Buffett's company paid $15.6 million from Dec. 26 through Monday for 76,487 more shares of VeriSign, a provider of internet domain-name registry services. The purchases were made through Berkshire Hathaway's insurance unit Geico, which now owns 7,996,889 VeriSign shares, according to a form Berkshire filed with the Securities and Exchange Commission.

Berkshire Hathaway now has total ownership of 13,269,836 VeriSign shares when including stock owned by the pension plans of other units. It remains VeriSign's largest shareholder with a stake of more than 10%.

Berkshire Hathaway didn't immediately respond to a request for comment on the stock purchases.

It is a buyer's market in VeriSign stock, which has been left out of a historic two-year market rally. The shares have been flat over 2023 and 2024, while the S&P 500 has surged more than 50%.

Berkshire Hathaway bought more VeriSign stock earlier this month, along with shares of Occidental Petroleum and the satellite-radio company Sirius XM Holdings.

Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members -- so-called insiders -- as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Ed Lin at edward.lin@barrons.com and follow @BarronsEdLin.

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December 31, 2024 09:43 ET (14:43 GMT)

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