Wesbanco Bank Inc. Boosts Holdings in Amazon.com, Inc. $AMZN

Posted by Francis Steltz on Jul 4th, 2026

Wesbanco Bank Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the first quarter, HoldingsChannel.com reports. The fund owned 409,707 shares of the e-commerce giant’s stock after purchasing an additional 12,200 shares during the quarter. Amazon.com accounts for approximately 2.4% of Wesbanco Bank Inc.’s portfolio, making the stock its 8th biggest holding. Wesbanco Bank Inc.’s holdings in Amazon.com were worth $85,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. MilWealth Group LLC boosted its stake in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after acquiring an additional 79 shares during the period. Lifetime Wealth Management P.C. acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $45,000. Elkhorn Partners Limited Partnership raised its stake in Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 180 shares during the period. Fairway Wealth LLC raised its stake in Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. lifted its holdings in Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 107 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $242.67 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a 50-day moving average of $254.57 and a 200-day moving average of $234.57. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The stock has a market cap of $2.61 trillion, a PE ratio of 29.03, a PEG ratio of 1.81 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,352 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at approximately $598,335,650. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the sale, the chief executive officer owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 195,774 shares of company stock valued at $51,643,704 over the last ninety days. Company insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMZN shares. Guggenheim reaffirmed a “buy” rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Roth Mkm increased their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Phillip Securities upgraded shares of Amazon.com from a “moderate buy” rating to a “buy” rating and set a $280.00 target price for the company in a research note on Wednesday, May 13th. Pivotal Research reaffirmed a “buy” rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.79.

View Our Latest Stock Report on AMZN

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Amazon said its Leo satellite network has enough satellites to begin initial broadband service this year, opening a new growth opportunity in satellite internet. Reuters: Amazon to start initial Leo internet service this year as network nears 400 satellites
Positive Sentiment: Amazon is expanding its AI strategy with custom device chips and broader AWS AI capabilities, which could support future margins and growth. CNBC: Amazon is designing its own AI chips for Echo, Fire TV and future devices
Positive Sentiment: Prime Day-related reports pointed to strong online shopping demand, reinforcing confidence in Amazon’s retail momentum heading into earnings. Yahoo Finance/Reuters: Online Spending Rises 5.3% on First Day of Amazon’s Prime Day

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.