Wesbanco Bank Inc. Purchases 40,745 Shares of Amazon.com, Inc. $AMZN

Key Points

• Wesbanco Bank Inc. has increased its stake in Amazon by 11.8%, making it the bank's 6th largest holding, now valued at approximately $84.49 million.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon for nearly $961 million, leading to a slight decrease in his personal stake in the company.
• Amazon reported earnings per share (EPS) of $1.68 for the last quarter, exceeding analyst estimates, alongside a 13.3% year-over-year revenue growth to $167.7 billion.

Wesbanco Bank Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 385,123 shares of the e-commerce giant's stock after buying an additional 40,745 shares during the quarter. Amazon.com accounts for about 2.5% of Wesbanco Bank Inc.'s investment portfolio, making the stock its 6th largest position. Wesbanco Bank Inc.'s holdings in Amazon.com were worth $84,492,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter worth about $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter worth about $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com during the first quarter valued at approximately $59,000. Finally, von Borstel & Associates Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $66,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business'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 completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.7%

NASDAQ:AMZN traded down $3.85 on Monday, hitting $227.63. 45,744,649 shares of the stock were exchanged, compared to its average volume of 37,103,036. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company's 50-day moving average price is $227.85 and its 200 day moving average price is $209.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 1.55 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Piper Sandler boosted their price target on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a research note on Thursday, September 11th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus target price of $263.30.

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.