Wesbanco Bank Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,287 shares of the e-commerce giant’s stock after buying an additional 108 shares during the quarter. Amazon.com accounts for about 2.9% of Wesbanco Bank Inc.’s portfolio, making the stock its 3rd biggest holding. Wesbanco Bank Inc.’s holdings in Amazon.com were worth $58,728,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new position in Amazon.com in the 1st quarter valued at approximately $294,639,000. Wealth Quarterback LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $2,313,511,000. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at about $8,070,972,000. Alliancebernstein L.P. boosted its holdings in Amazon.com by 83.0% during the 1st quarter. Alliancebernstein L.P. now owns 1,752,984 shares of the e-commerce giant’s stock valued at $3,417,828,000 after acquiring an additional 795,171 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Amazon.com by 26.1% during the 1st quarter. Wellington Management Group LLP now owns 2,721,098 shares of the e-commerce giant’s stock valued at $5,305,379,000 after acquiring an additional 563,991 shares during the period. Institutional investors and hedge funds own 64.54% of the company’s stock.

Several brokerages recently weighed in on AMZN. Telsey Advisory Group increased their target price on Amazon.com from $2,350.00 to $2,800.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, June 9th. SunTrust Banks increased their price objective on Amazon.com from $2,700.00 to $3,400.00 and gave the stock a “buy” rating in a report on Friday, June 26th. JMP Securities increased their price objective on Amazon.com from $2,650.00 to $2,850.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Wedbush increased their target price on Amazon.com from $2,750.00 to $3,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,770.89.

In other Amazon.com news, Director Indra K. Nooyi bought 27 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the acquisition, the director now owns 707 shares in the company, valued at approximately $1,984,407.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the completion of the transaction, the chief executive officer now directly owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,497 shares of company stock valued at $21,605,827. 16.10% of the stock is currently owned by insiders.

AMZN traded down $124.99 during trading on Tuesday, reaching $2,979.01. 140,808 shares of the company traded hands, compared to its average volume of 4,505,769. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. Amazon.com, Inc. has a 12-month low of $1,626.03 and a 12-month high of $3,344.29. The firm has a fifty day simple moving average of $2,681.70 and a 200 day simple moving average of $2,209.15. The company has a market cap of $1,548.21 billion, a P/E ratio of 142.19, a PEG ratio of 6.51 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $6.36 by ($1.35). Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The business had revenue of $75.45 billion during the quarter, compared to analysts’ expectations of $74.15 billion. During the same period last year, the business posted $7.09 earnings per share. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 20.08 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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