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Equities researchers at Cantor Fitzgerald decreased their price target on shares of Amazon.com (NASDAQ:AMZN) from $425.00 to $415.00 in a research report issued on Friday, American Banking and Market News reports. Cantor Fitzgerald’s price objective would suggest a potential upside of 15.70% from the stock’s previous close.

Shares of Amazon.com (NASDAQ:AMZN) traded down 11.00% on Friday, hitting $358.69. The stock had a trading volume of 16,181,519 shares. Amazon.com has a 52 week low of $245.75 and a 52 week high of $408.06. The stock’s 50-day moving average is $395.2 and its 200-day moving average is $341.4. The company has a market cap of $164.2 billion and a P/E ratio of 1460.18. Amazon.com also saw some unusual options trading activity on Thursday. Investors acquired 94,031 call options on the company. This represents an increase of approximately 279% compared to the average volume of 24,791 call options.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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. On average, analysts predict that Amazon.com will post $2.66 earnings per share for the current fiscal year.

AMZN has been the subject of a number of other recent research reports. Analysts at Benchmark Co. raised their price target on shares of Amazon.com from $400.00 to $500.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Amazon.com from $500.00 to $475.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Amazon.com from $400.00 to $440.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average price target of $414.81.

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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