Amazon.com, Inc. $AMZN is Wesbanco Bank Inc.’s 6th Largest Position

Wesbanco Bank Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 385,123 shares of the e-commerce giant’s stock after purchasing an additional 40,745 shares during the quarter. Amazon.com accounts for 2.5% of Wesbanco Bank Inc.’s holdings, making the stock its 6th biggest holding. Wesbanco Bank Inc.’s holdings in Amazon.com were worth $84,492,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Verde Capital Management increased its position in shares of Amazon.com by 6.5% during the 2nd quarter. Verde Capital Management now owns 16,699 shares of the e-commerce giant’s stock valued at $3,664,000 after purchasing an additional 1,012 shares during the last quarter. Somerset Trust Co increased its position in shares of Amazon.com by 9.4% during the 2nd quarter. Somerset Trust Co now owns 2,137 shares of the e-commerce giant’s stock valued at $469,000 after purchasing an additional 184 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Amazon.com by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 27,024 shares of the e-commerce giant’s stock valued at $5,929,000 after purchasing an additional 6,425 shares during the last quarter. Peak Financial Advisors LLC increased its position in shares of Amazon.com by 12.7% during the 2nd quarter. Peak Financial Advisors LLC now owns 18,501 shares of the e-commerce giant’s stock valued at $4,059,000 after purchasing an additional 2,086 shares during the last quarter. Finally, First Citizens Financial Corp increased its position in shares of Amazon.com by 51.9% during the 2nd quarter. First Citizens Financial Corp now owns 4,111 shares of the e-commerce giant’s stock valued at $902,000 after purchasing an additional 1,404 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Westpark Capital reiterated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. UBS Group reiterated a “buy” rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Finally, Cowen reiterated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $263.30.

Amazon.com Stock Down 0.2%

Amazon.com stock opened at $231.23 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The business has a fifty day moving average price of $227.68 and a 200-day moving average price of $209.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.55 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.