Warren Buffett's Berkshire Hathaway increases Amazon stake: Here's what it's worth now

By Berkshire HathawayFOXBusiness

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FOX Business’ Liz Claman speaks with billionaire Warren Buffett at Berkshire Hathaway’s 2019 annual shareholders meeting.

Billionaire investor Warren Buffett’s Berkshire Hathaway has once again upped its stake in e-commerce giant Amazon, the company said in SEC filings on Wednesday.

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Berkshire Hathaway owned 537,300 shares in Amazon as of the end of its second quarter, the filings showed. The firm previously held 483,300 shares in Jeff Bezos’ company.

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Based on Amazon stock’s closing price on Wednesday, Berkshire Hathaway owns a stake worth roughly $947 million. Buffett first confirmed the firm’s stake in Amazon at Berkshire Hathaway’s annual shareholder meeting last May.

“I’ve been a fan [of Amazon], and I’ve been an idiot for not buying,” he told CNBC at the time, noting that one of his employees had made the purchase.

TickerSecurityLastChange%Chg
AMZNAMAZON.COM INC.1,801.38-14.74-0.81%
AAPLAPPLE INC.210.36+0.01+0.00%

Aside from its further investment in Amazon, Berkshire Hathaway increased its holdings in some bank stocks. The firm added to its stakes in Bank of America and US Bancorp.

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While Buffett has traditionally avoided tech stocks, Berkshire also holds noteworthy stakes in Apple and cloud computing firm Red Hat.

The Associated Press contributed to this report.

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