Berkshire Hathaway (NYSE:BRK-A), one of the renowned conglomerates formerly led by investor Warren Buffet has made a few significant moves in the fourth-quarter. As companies file their 13F, we get an insight into where the billionaires are investing their money.
Buffett is known for identifying stocks before they peak and making the most of their upside. While investors shouldn’t blindly follow his moves, it can be interesting to see what he’s betting on. Warren Buffett made an interesting last move in the fourth quarter before retiring. He sold Amazon.com Inc. (NASDAQ: AMZN | AMZN Price Prediction) and invested in the New York Times Company (NYSE:NYT). Berkshire first bought Amazon stock in 2019 with 536,000 shares. The position expanded with time and hit 10 million shares in 2025. However, Buffett loaded off a large position in the same year. What does this mean for investors? Let’s dig in.
Buffetts returns to the newspaper business
Tech companies have led the market in 2025, driven by the artificial intelligence boom. But these stocks have been surrounded with the concerns of stretched valuations and overspending on AI. Buffett made a cut to his Amazon holdings and sold 7.7 million shares, which is about 75% of his holding in the e-commerce company.
This doesn’t mean Amazon isn’t a successful business. It is a leader in the e-commerce segment, and its Amazon Web Services division is the largest cloud provider in the world. The business segment has seen the fastest pace in three years due to the rising demand for AI infrastructure. While we cannot predict the reason behind this move, do not underestimate Amazon.
Buffett’s last bet was on New York Times Co. He purchased 5,065,744 shares of the company worth $352 million. While it may have come as a surprise to many, Buffett has always been a fan of brand-name companies that enjoy consumer loyalty and trust. Established in 1852, The New York Times is known for its influential paper and digital journalism platforms.
Strong momentum and steady fundamentals
Exchanging hands for $75.50, NYT stock has soared 52.80% in the past year. It has a modest dividend yield of 1.22% and a market capitalization of $12.26 billion. Over time, the New York Times has reinvented itself for the digital age and has seen a steady growth in users.
The business is in a strong position today and has the ability to deliver. It also introduced a TikTok-like video feature on the app, allowing users to scroll through the videos produced by Times. That said, the company faces little competition in the industry and has already established itself as a strong player.
Its digital subscriptions continue to climb and ended the quarter with 12.21 million, up 780,000 year over year. The company has a strong pricing power and has generated a double-digit growth in digital advertising. It ended the quarter with a 10.4% year-over-year rise in sales to $802.3 million, and the EPS came in at $0.89.
Wall Street is bullish on the stock
The New York Times Company is firing on all cylinders and could grab investor attention after Buffett’s big move. Recently, the company signed a deal with Magnite, where Magnite has become the preferred platform for private marketplace deals that are tied to NYT’s mobile in-app ad supply. This will allow advertisers streamlined access to the publisher’s audience.
Wall Street remains bullish on the stock. Citigroup has a buy rating on the stock with a price target of $77, while Evercore has an outperform rating with a price target of $75. Considering the rising number of digital users and the company’s strong position in the industry, NYT looks like a strong bet.
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