Berkshire Hathaway's Buying Up More Amazon Shares
Warren Buffett's Berkshire Hathaway has been buying shares of Amazon.com.
Buffett told CNBC he hadn't made the decision, but that "one of the fellows in the office that manage money" bought shares of the giant online retailer and services provider.
The comments pointed to Todd Combs or Ted Weschler, each of whom manages portfolios for Berkshire Hathaway, CNBC reported.
Berkshire is slated to report first-quarter earnings on Saturday. The company will file its quarterly update on details of its portfolio holdings later this month with the Securities and Exchange Commission.
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Beyond Meats Hot IPO
Beyond Meat (BYND) kicked off at $46 in its trading debut Thursday, 84% above its initial offering price.
Beyond Meat's initial public offering was priced at $25 a share, the top end of the expected range of between $23 and $25, which valued the company at just under $1.5 billion. At its $46 opening price, the company's market cap stood at roughly $2.8 billion.
The company sold 9.625 million shares in the offering, raising more than $240 million. The company originally had planned to sell 8.75 million shares at $19 to $21 a share.
Beyond Meat filed its initial IPO prospectus with the Securities and Exchange Commission at the end of March. The company's products, including burger patties, sausages and chicken strips, are also available in retail stores such as Whole Foods (WFM) .