The Top Priced Stocks of 2016
Can you afford buying a single company share priced in the six-digit range? The 2016 list of the 10 highest priced stocks includes just one share with a six-figure price tag. The remaining nine include three issues with four-digit prices and six issues with triple-digit share price figures.
As for the companies’ locations, California and Virginia can take pride in each hosting two companies among the top priced stocks in 2016. Nebraska, Kansas, and Colorado—the three states that share borders in central U.S., have companies that occupy the first, second, and last places in the list.
One important point: these most expensive big stocks are all growth stocks that yield no dividend.
10. Chipotle Mexican Grill, Inc. (NYSE:CMG)
Share Price: $498.00
This is a company that broke all the fast food rules, turning a small eatery into a $15.0-billion, 1,700-store chain. CMG stock has grown to be more than eleven times its size since it was listed nearly a decade ago. But Chipotle Mexican Grill, Inc. is currently struggling to contain the damage from a series of foodborne illness outbreaks at its restaurants, which serve burritos, tacos, and salads. The company, based in Colorado, reported a plunge in January sales and told investors to expect a “very difficult year” in 2016.
9. Amazon.com, Inc. (NASDAQ:AMZN)
Share Price: $559.00
AMZN stock has a price-to-earnings (P/E) ratio of 446, making it the most expensive in the list by this metric. It is also the list’s worst-performing stock this year, with an 18% drop. That’s 180-degree turn from its 2015 performance, when it more than doubled, becoming one of the best-performing stocks in the S&P 500. Founded in 1994, the company is headquartered in Seattle, Washington.
8. Intuitive Surgical, Inc. (NASDAQ:ISRG)
Share Price: $566.00
Intuitive Surgical, Inc. is the maker of the da Vinci robotic surgery system, which allows surgery to be performed using robotic manipulators. After booming throughout the 2000s, the California-based company started lagging behind estimates starting in 2013, and its revenue and profit growth turned negative. ISRG stock, which is part of the NASDAQ 100 and S&P 500, is up a mere two percent so far this year.
7. Alphabet Inc (NASDAQ:GOOG)
Share Price: $732.00
Alphabet Inc, the parent company of Google, is the most valuable company in the top 10 list of most expensive stocks, with a market capitalization of $500 billion. Earlier in February, Alphabet Inc surpassed Apple Inc. (NASDAQ:AAPL) as the world’s most valuable company, but lost that title later on. Robust sales of online ads in Google and tighter cost controls helped the California-based company report strong results in the most recent quarter. GOOG stock has a P/E ratio of 32.
6. AutoZone, Inc. (NYSE:AZO)
Share Price: $781.00
AutoZone, Inc. is the biggest auto parts retailer in the United States. Founded in 1979, AutoZone has more than 5,600 stores across the United States, Mexico, and Brazil. The company is based in Memphis, Tennessee. AZO stock has tripled over the past five years, making it one of the best-performing expensive shares in this top 10 list.
5. Markel Corporation (NYSE:MKL)
Share Price: $880.00
Markel Corporation is a seller of property-casualty coverage. It was founded in 1930 and its headquarters lie in Richmond, Virginia. The company was listed on the NASDAQ exchange in 1986, with an initial public offering (IPO) of $8.33 a share. MKL stock has grown 105 times since then.
4. Priceline Group Inc (NASDAQ:PCLN)
Share Price: $1,263
Priceline Group Inc is the largest U.S. online travel agent and is headquartered in Connecticut. Its brands include Booking.com, KAYAK, agoda.com, rentalcars.com and OpenTable. It competes with Google, Apple, Alibaba, Amazon, Facebook, and Expedia. The company currently benefits from weak oil prices that contributed to significantly lower airline ticket prices, but grapples with a strengthening U.S. dollar, which harms its overseas revenue.
3. NVR, Inc. (NYSE:NVR)
Share Price: $1,625
NVR, Inc. operates as a homebuilder in the United States. It constructs and sells single-family detached homes, townhomes, and condominium buildings. The Reston, Virginia-based company also operates a mortgage banking and title services business. NVR stock has more than doubled over the past five years, but it’s down two percent so far this year.
2. Seaboard Corp (NYSEMKT:SEB)
Share Price: $2,804
Seabord Corp is the second-most expensive stock in the top 10 list, but the Kansas-based conglomerate is the least valuable with a $3.5-billion market capitalization. Seaboard is engaged in commodity merchandising, grain processing, sugar production and electric power generation. The company also has divisions for port, marine, sugar, and turkey. SEB stock is down two percent this year.
1. Berkshire Hathaway Inc. (NYSE:BRK.A)
Share Price: $199,950
BRK.A stock has the only six-digit share price and it’s no wonder—it belongs to Berkshire Hathaway Inc., the company controlled and led by 86-year-old Warren Buffett, who’s the most successful investor in the world. BRK.A stock, however, has a P/E ratio of 14, making it the cheapest in the top priced stocks club.
Berkshire Hathaway Inc. is headquartered in Omaha, Nebraska. It owns 26% of Kraft Heinz Co (NASDAQ:KHC), and significant minority holdings in American Express Company (NYSE:AXP), The Coca-Cola Co (NYSE:KO), Wells Fargo & Co (NYSE:WFC), and International Business Machines Corp. (NYSE:IBM). BRK.A averaged an annual growth in book value of nearly 20% to its shareholders for the last half-century, compared to nearly 10% from the S&P 500 with dividends included for the same period.