Warren Buffett Just Sold Out of StoneCo Stock. Should You Buy It?
Warren Buffett fans eagerly anticipate Berkshire Hathaway's quarterly 13F filings, which tell investors what stocks the holding company bought and sold over a three-month period. The 2023 fourth-quarter filing was released last week, and it showed that Berkshire Hathaway sold out of four positions -- Markel, Global Life, D.R. Horton, and StoneCo (NASDAQ: STNE).
Berkshire invested in StoneCo's initial public offering (IPO) in 2018, and it's down 48% since then. Did Buffett and his team give up on it? And what should other investors do now?
StoneCo provides small business payment and management solutions in Brazil, and it has also expanded into a broader set of financial services like loans and bank accounts for its business clients. It has consistently reported increasing revenue and higher customer count, and it has a large market opportunity.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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