Ever wonder just how expensive can the most expensive stock get? Worry not! We, at the Rich Times also find ourselves thinking about this exact topic quite often. So much so that we decided to go ahead and make a list of the most expensive stocks on the market right now.
Now, bear in mind that this list about the most expensive stock is not intended to give you any investment advice. Its aim is to simply tell you about the most expensive stocks and the story of how they got there. The wonderful and colorful histories of these quite valuable companies are sure to impress you!
So, without further ado, here are the most expensive stocks on the market as of 2019.
5. Booking Holdings Inc. (BKNG – $1,849/share)
The honor of being the fifth most expensive stock goes to Booking Holdings Inc. Booking Holdings Inc. is operated from Delaware with its roots in Norwalk, Connecticut. This conglomerate owns several services that promise you bang for buck travel. The most notable ones among them are Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, and Mamondo. What’s perhaps even more surprising is that they own OpenTable as well.
Their websites come in over 40 languages and they have established themselves in 200 countries. All of this has a profound impact on its position as the fifth most expensive stock. How? Well, in 2017, most of their gross profit came from places other than the US. Booking.com was the chief contributor to this cause.
They have also helped consumers book 673.1 million room nights of accommodation. In addition to that, 73 million rental car days and 6.9 million airplane tickets were also booked by using websites owned by Booking Holdings. Its position as the fifth most expensive stock along with the figures given above might make you think that this company is super valuable. Alas! It is only able to be 229th on the Fortune 500 list.
4. Amazon.com, Inc. (AMZN – $1,879/share)
The fourth most expensive stock on this list belongs to the company most loved by us all. Yes, my friends. It is Amazon! The company which lets you buy your Apple devices hassle-free. Amazon is also the largest e-commerce marketplace as well as the biggest provider of cloud computing. By revenue and market capitalization that is.
The fourth most expensive stock got its start as an online bookstore on July 5, 1994, in Seattle, Washington. Nowadays, one can buy anything from A to Z on Amazon. As is evident in the logo. The company is now quite diverse and has dipped its toes in e-commerce, cloud computing, and artificial intelligence. Amazon even has its own Film and Television studio along with a publishing house.
It does not stop here though. Apart from being one of the most expensive stock right now. Amazon is also the largest internet company by revenue. Walmart suffered a crushing defeat at the hands of Amazon in 2015 and lost its place as the most valuable retailer in the US by market cap. As of now, 100 million people are subscribed to Amazon Prime and many more buy something off of there every minute.
The founder is also as interesting as the comapny itself. So much so that the even the car he drives is quite a hot topic among netizens!
3. NVR, Inc. (NVR – $3,210/share)
The third most expensive stock on our list belongs to a major player in the world of real estate. NVR, Inc. started its life as Ryan Homes in 1980 in Pittsburgh. Since then, the company has built homes for more than 365,000 customers across 15 US states. Currently, it operates under its parent company Rymarc Homes.
NVR, Inc. isn’t alone there though. Ryan Homes, NV Homes, and Heartland Homes are also operated by Rymarc Homes alongside the third most expensive stock. In 2017, it blew expectations after it outperformed several stocks to attain a price of $3,508/share. That was almost a twofold increase in almost one year. Quite respectable indeed.
2. Seabord Corp (SEB – $4,587/share)
The second most expensive stock right now belongs to the Seaboard Corporation. In the present time, it is a large and diverse multinational agribusiness. Apart from that, it is also a transportation conglomerate and has its operations in multiple industries. On the US soil, the company is involved in pork production and processing along with ocean transportation.
On foreign soil though, it dabbles with the following. Commodity merchandising, grain processing, sugar production and electrical power generation. The home of the second most expensive stock is in Merriam, Kansas. From there, it runs a plethora of companies such as Seaboard Foods, Seaboard Marine, Seaboard Overseas & Trading Group (SOTG), Tabacal Agroindustria, Transcontinental Capital Corporation, Ltd. (TCCB), and Mount Dora Farms.
Apart from that, the second most expensive stock is also a source of livelihood for more than 23,000 people across 45 different countries. It boasts net sales in the neighborhood of $5.6 billion annually and is #481 on the 2018 Fortune 500 list.
After all that, you may be thinking, how exactly does one become the second most expensive stock on planet Earth? Well, my friends, first of all, you need to stay in the game for a century. Why a century? Well, that’s the time-span that the Seaboard Corp has been around for. After its humble start in 1918 in Kansas, it mainly used to deal with grain for the next 40 years. It was only after its merger with Hathaway Industries, Inc. in 1959 that it morphed into the corporation it is today.
1. Chocoladefabriken Lindt & Spruengli AG (LISN – $77,127/share)
The most expensive stock in our list as of now belongs to Lindt. Known for their chocolate truffles and chocolate bars, Lindt was established in 1845. The actual conception though goes way back to 1836. In 1836, David Spruengli-Schwarz started a small confectionery shop in Zurich. His son Rudolf Spruengli-Ammann also helped him in this venture. Therefore, initially, that operation was run under the banner of David Spruengli & Son.
In 1838, they produced their first solid chocolate. When Rudolf retired in 1892, he divided his business equally among his sons. The younger one received the two confectionery stories while Charlie err… I mean the elder brother Johann Rudolf received the chocolate factory. Johann had big dreams. Sure, he may have not thought that his company would have one of the most expensive stock in the future but he definitely wanted to expand.
To that end, he converted his private company into “Chocolat Spruengli AG” in 1899. He also bought Rodolphe Lindt’s factory in Bern the same year. That meant that now his company was “Aktiengesellschaft Vereinigte Berner und Züricher Chocoladefabriken Lindt & Sprüngli” (United Bern and Zurich Lindt and Sprungli Chocolate Factory Ltd.). A name as big as the stacks of cash the most expensive stock was going to make.
Since then, it has assimilated a number of other companies in itself to become one of the largest chocolate makers on the planet.
0.) Berkshire Hathaway (BRK.A $316,600/share)
Okay, I lied a bit. The most expensive stock doesn’t belong to Lindt. It actually belongs to Mr. Buffet. Though, the fact is that he has been reigning for so long that we might as well let other scrubs feel the glory. After all, the price of Berkshire Hathaway’s stocks not just dwarves its closest competitor by threefold. It smacks it out of the damn playing field.
Imagine being the most important person in the room. Now, imagine being next to someone who has been the most important one for ages and even has three times more likability than you to boot! Such a soul-crushing defeat. Indeed, Berkshire Hathaway is the king among other most expensive stocks.
Despite being in possession of the most expensive stock in the present time, Mr. Buffet wasn’t as pleased with his investment in the past. Heck, he went as far as to call Berkshire Hathaway the worst investment decision of his life. That too, in front of the shareholders. Look where that got him now!
As of now, Berkshire Hathaway is in possession of the following companies’ stocks as outlined by Wikipedia.
The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets. It also owns 38.6% of Pilot Flying J; 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%).
Since 2016, the company has acquired large holdings in the major US airline carriers and is currently the largest shareholder in United Airlines and Delta Air Lines, and a top three shareholder in Southwest Airlines and American Airlines.
A list that is worthy of the most expensive stock of all time. Berkshire Hathaway is also the tenth largest company in the world according to market capitalization. Also, with more than $700 billion in assets and revenue of $247 billion, it isn’t going away from this position any time soon.