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Equities research analysts at Raymond James cut their price target on shares of Amazon.com (NASDAQ:AMZN) from $446.00 to $443.00 in a research note issued to investors on Friday, American Banking News.com reports. Raymond James’ price objective indicates a potential upside of 9.92% from the stock’s previous close.

Amazon.com (NASDAQ:AMZN) traded down 9.42% during mid-day trading on Friday, hitting $365.05. The stock had a trading volume of 8,585,264 shares. Amazon.com has a 1-year low of $245.75 and a 1-year high of $408.06. The stock’s 50-day moving average is $395.9 and its 200-day moving average is $341.0. The company has a market cap of $167.1 billion and a P/E ratio of 1460.18. Amazon.com also was the recipient of unusually large options trading on Thursday. Traders bought 94,031 call options on the company. This is an increase of 279% compared to the typical 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 (EPS) for the quarter, missing the 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 $0.73 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on AMZN. 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. Separately, analysts at Pacific Crest cut their price target on shares of Amazon.com from $475.00 to $460.00 in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Amazon.com from $450.00 to $460.00 in a research note to investors on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average target price 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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