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This Bargain Buffett Stock Is Quickly Getting Back on Track After Losing Investor Confidence

Jon Quast, The Motley Fool
·4-min read
This Bargain Buffett Stock Is Quickly Getting Back on Track After Losing Investor Confidence

Financial technology (fintech) company StoneCo (NASDAQ: STNE) operates in Brazil and had its debut on the U.S. stock market in 2018. According to its most-recent filing, Berkshire Hathaway owns almost 10.7 million shares of StoneCo, or about 3.4% of total shares outstanding, as of the first quarter of 2022. The stake is only worth about $90 million at the time of this writing -- a drop in the bucket for Berkshire Hathaway considering its market capitalization is around $600 billion.

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