STNE Is Part of Warren Buffett’s Berkshire Portfolio
While Buffett hasn’t personally invested in the company, Berkshire Hathaway holds $533 million worth of STNE stock. The stock is valued at $10.5 billion.
Berkshire-Backed StoneCo Tumbles after ITUB Ups Ante
StoneCo (STNE) was trading down 27.6% as of 1:30 PM ET. The negative price action was driven by an announcement by Itaú Unibanco Holding (ITUB).
Berkshire Hathaway: Payment Industry in Q1
Berkshire Hathaway (BRK-B) has invested in several payment industry stocks like Visa (V), Mastercard (MA), American Express (AXP), and StoneCo.
STNE Stands Out in Berkshire Hathaway’s Portfolio
StoneCo (STNE) had risen 22.0% today as of 11:10 AM Eastern Time. The company released its earnings yesterday and crushed analysts’ estimates.
Brazil’s Retail Market: Can Amazon Succeed Where Walmart Failed?
Last month, Amazon (AMZN) expanded its retail operations in Brazil with the launch of the direct sales of more than books in the country.
Warren Buffett Bought StoneCo Ltd.—Should You?
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A)(NYSE: BRK.B) recently acquired an 11.3% stake in StoneCo Ltd. (Nasdaq: STNE). Should you buy too?