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Amazon.com (NASDAQ:AMZN) was downgraded by equities researchers at S&P Equity Research from a “hold” rating to a “sell” rating in a research report issued on Friday, Stock Ratings News reports.

Shares of Amazon.com (NASDAQ:AMZN) traded down 9.37% on Friday, hitting $365.2299. 7,239,969 shares of the company’s stock traded hands. Amazon.com has a one year low of $245.75 and a one year high of $408.06. The stock has a 50-day moving average of $395.9 and a 200-day moving average of $341.0. The company has a market cap of $167.2 billion and a P/E ratio of 1460.18. Amazon.com also was the recipient of some unusual options trading on Thursday. Stock traders acquired 94,031 call options on the stock. This is an increase of approximately 279% compared to the typical daily volume of 24,791 call options.

Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, January 30th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. Analysts expect that Amazon.com will post $0.73 EPS for the current fiscal year.

AMZN has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Amazon.com from $390.00 to $450.00 in a research note to investors on Friday. Separately, analysts at Raymond James cut their price target on shares of Amazon.com from $446.00 to $443.00 in a research note to investors on Friday. Finally, analysts at UBS AG cut their price target on shares of Amazon.com from $465.00 to $450.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $413.97.

Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.

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