Warren Buffett Trusts in These 5 Stocks Despite Losses

3. Moody’s Corporation (NYSE:MCO)

Berkshire Hathaway’s Stake Value: $6.7 billion

YTD Percentage Decline in Share Price as of August 21: 20.53%

Number of Hedge Fund Holders: 48

Moody’s Corporation (NYSE:MCO) is an American business and financial services company that acts as the holding company for Moody’s Investors Service and Moody’s Analytics. The company provides investors with credit ratings, risk analysis, and research for stocks, bonds, and government entities.

On August 19, Oppenheimer analyst Owen Lau raised the price target on Moody’s Corporation (NYSE:MCO) to $348 from $313 and kept an ‘Outperform’ rating on the company’s shares. According to the analyst, there are early indicators, such as the most recent fund flows and IG/HY spreads, that point towards supply issuance and demand reaching equilibrium soon. Although Q3 issuance remains challenging, the analyst remains bullish on the long term trend and the company’s competitive position.

Chris Hohn’s TCI Fund Management was one of Moody’s Corporation (NYSE:MCO)’s largest investors among the funds tracked by our database, owning a $2.24 billion stake that consisted of 8.24 million shares. Overall, 48 hedge funds reported owning stakes in Moody’s Corporation (NYSE:MCO) as of the second quarter of 2022.