Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by analysts at Morgan Stanley in a report issued on Monday, Marketbeat.com reports.

A number of hedge funds have made changes to their positions in the stock. Shelton Capital Management increased its stake in shares of Amazon.com by 4.6% in the fourth quarter. Shelton Capital Management now owns 27,798 shares of the e-commerce giant’s stock valued at $18,788,000 after buying an additional 1,224 shares during the last quarter. First Midwest Bank Trust Division increased its stake in shares of Amazon.com by 109.7% in the fourth quarter. First Midwest Bank Trust Division now owns 6,259 shares of the e-commerce giant’s stock valued at $4,231,000 after buying an additional 3,274 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at $531,000. Intersect Capital LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at $643,000. Finally, World Asset Management Inc increased its stake in shares of Amazon.com by 4.3% in the fourth quarter. World Asset Management Inc now owns 41,455 shares of the e-commerce giant’s stock valued at $28,019,000 after buying an additional 1,696 shares during the last quarter.

AMZN has been the topic of a number of other research reports. Vetr cut shares of Amazon.com from a “hold” rating to a “sell” rating and set a $605.65 price objective on the stock. in a research report on Thursday, October 29th. Robert W. Baird restated an “outperform” rating and issued a $710.00 price objective on shares of Amazon.com in a research report on Wednesday, January 20th. Credit Suisse boosted their price objective on shares of Amazon.com from $777.00 to $800.00 and gave the company an “outperform” rating in a research report on Tuesday, January 12th. Evercore ISI boosted their price objective on shares of Amazon.com from $585.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. Finally, Wedbush restated an “outperform” rating and issued a $700.00 price objective on shares of Amazon.com in a research report on Thursday, October 15th. Nine investment analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and two have given a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus price target of $714.98.

Shares of Amazon.com (NASDAQ:AMZN) traded down 2.05% during mid-day trading on Monday, reaching $574.98. 4,987,511 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $629.57 and a 200-day moving average price of $579.96. The stock has a market cap of $270.82 billion and a PE ratio of 459.98. Amazon.com has a one year low of $350.01 and a one year high of $696.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, January 28th. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by $0.56. The business had revenue of $35.75 billion for the quarter, compared to analysts’ expectations of $35.99 billion. During the same quarter last year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts predict that Amazon.com will post $4.95 EPS for the current year.

In other news, Director Patricia Q. Stonesifer sold 6,250 shares of the company’s stock in a transaction dated Thursday, December 3rd. The stock was sold at an average price of $678.86, for a total transaction of $4,242,875.00. Following the completion of the sale, the director now owns 25,423 shares in the company, valued at approximately $17,258,657.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Diego Piacentini sold 17,016 shares of the company’s stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $630.89, for a total value of $10,735,224.24. The disclosure for this sale can be found here.

Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.

12 Month Chart for NASDAQ:AMZN

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.