Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Wesbanco Bank Inc.

Wesbanco Bank Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,378 shares of the e-commerce giant's stock after buying an additional 6,954 shares during the quarter. Amazon.com accounts for about 2.3% of Wesbanco Bank Inc.'s investment portfolio, making the stock its 5th largest position. Wesbanco Bank Inc.'s holdings in Amazon.com were worth $65,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC boosted its holdings in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.3%

Shares of AMZN opened at $209.69 on Monday. The company's fifty day moving average is $198.41 and its 200 day moving average is $209.17. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.23 trillion, a PE ratio of 34.15, a P/E/G ratio of 1.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Oppenheimer raised their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $245.53.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Company Profile

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.

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