In this piece, we will take a look at the five cheap value stocks to buy according to Warren Buffett. If you want to know how and why Warren Buffett is the hotshot that he is, then read 13 Cheap Value Stocks To Buy According To Warren Buffett.
5. Ally Financial Inc. (NYSE:ALLY)
Berkshire Hathaway’s Q3 2023 Investment Value: $773 million
Latest P/E Ratio: 7.34
Latest Share Price: $27.21
Ally Financial Inc. (NYSE:ALLY) is a financial services company that provides automotive financing, mortgage financing, and insurance products. The firm was out with some hyped up news for investors in November 2023, when it shared that a pilot test of an A.I. program helped improve marketing operations.
As of Q3 2023 end, 43 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Ally Financial Inc. (NYSE:ALLY). Warren Buffett’s Berkshire Hathaway owned the biggest stake among these, which is worth $773 million.
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Follow Ally Financial Inc. (NYSE:ALLY)
4. The Liberty SiriusXM Group (NASDAQ:LSXMA)
Berkshire Hathaway’s Q3 2023 Investment Value: $1.1 billion
Latest P/E Ratio: 10.29
Latest Share Price: $26.81
The Liberty SiriusXM Group (NASDAQ:LSXMA) is a media and entertainment content distribution company. It is a highly rated stock as analysts have set an average share price rating of Strong Buy and priced in an approximately $9 upside.
Insider Monkey took a look at 910 hedge fund holdings for this year’s September quarter to discover that 48 had bought and owned the firm’s shares. Out of these, the largest shareholder was Warren Buffett’s Berkshire Hathaway due to its $1.1 billion investment.
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Follow Liberty Media Corp (NASDAQ:LSXMA)
3. StoneCo Ltd. (NASDAQ:STNE)
Berkshire Hathaway’s Q3 2023 Investment Value: $114 million
Latest P/E Ratio: 22.17
Latest Share Price: $14.5
StoneCo Ltd. (NASDAQ:STNE) is a Brazilian financial technology company headquartered in the Cayman Islands. The firm was out with some big plans on its investor day in November 2023, when it shared that it could more than double its profits over the next four years.
During this year’s third quarter, 32 out of the 910 hedge funds profiled by Insider Monkey had invested in StoneCo Ltd. (NASDAQ:STNE). Warren Buffett’s Berkshire Hathaway owned the biggest stake which is worth $114 million.
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2. Liberty Latin America Ltd. (NASDAQ:LILA)
Berkshire Hathaway’s Q3 2023 Investment Value: $21.4 million
Latest P/E Ratio: 9.36
Latest Share Price: $6.99
Liberty Latin America Ltd. (NASDAQ:LILA) is a Bermuda based telecommunications company with a presence in Puerto Rico, Jamaica, and other regions. The firm entered into a major new agreement in November that saw it monetize telecommunication tower assets in key operational territories.
Insider Monkey’s third quarter of 2023 research covering 910 hedge fund portfolios revealed that 14 had bought a stake in the company. Liberty Latin America Ltd. (NASDAQ:LILA)’s largest hedge fund shareholder is William Crowley, William Harker, and Stephen Blass’s Ashe Capital due to its $86.7 million investment.
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Follow Liberty Latin America Ltd. (NASDAQ:LILA)
1. Sirius XM Holdings Inc. (NASDAQ:SIRI)
Berkshire Hathaway’s Q3 2023 Investment Value: $43.7 million
Latest P/E Ratio: 15.31
Latest Share Price: $4.93
Sirius XM Holdings Inc. (NASDAQ:SIRI) is another entertainment company and one that is a subsidiary of Liberty Media. Even though its shares are rated Hold on average, Berkshire Hathaway bought $43.7 million worth of shares in the third quarter as it chose to go against the tide.
24 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Sirius XM Holdings Inc. (NASDAQ:SIRI)’s in Q3 2023. Out of these, the biggest investor was Cliff Asness’ AQR Capital Management due to its $66.1 million investment.
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Disclosure: None. You can also take a look at Billionaire Paul Tudor Jones and Insiders Love These 11 Stocks and 11 Best Cheap Stocks To Buy For Long Term.
