Wesbanco Bank Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,623 shares of the e-commerce giant’s stock after acquiring an additional 175 shares during the quarter. Amazon.com comprises 1.1% of Wesbanco Bank Inc.’s holdings, making the stock its 22nd largest position. Wesbanco Bank Inc.’s holdings in Amazon.com were worth $20,786,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of AMZN. Whitnell & Co. increased its position in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares during the period. Vestor Capital LLC increased its position in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Clear Investment Research LLC increased its position in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com during the 2nd quarter valued at about $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in Amazon.com during the 2nd quarter valued at about $121,000. 59.82% of the stock is currently owned by institutional investors.
In other Amazon.com news, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock worth $444,391,701 in the last ninety days. 17.00% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period in the previous year, the company earned $0.52 EPS. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. equities research analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
A number of brokerages have recently issued reports on AMZN. Vetr raised shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective on the stock in a research report on Wednesday, November 29th. BMO Capital Markets lifted their price objective on shares of Amazon.com to $1,600.00 and gave the stock an “outperform” rating in a research report on Tuesday. Bank of America reaffirmed a “buy” rating and issued a $1,460.00 price objective (up previously from $1,220.00) on shares of Amazon.com in a research report on Tuesday. They noted that the move was a valuation call. SunTrust Banks reaffirmed a “buy” rating and issued a $1,190.00 price objective on shares of Amazon.com in a research report on Monday, October 2nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, December 4th. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,278.33.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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