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Investment analysts at Jefferies Group upped their price target on shares of Amazon.com (NASDAQ:AMZN) from $390.00 to $450.00 in a note issued to investors on Friday, American Banking News reports. Jefferies Group’s price objective suggests a potential upside of 11.66% from the stock’s previous close.

Shares of Amazon.com (NASDAQ:AMZN) traded down 9.09% during mid-day trading on Friday, hitting $366.36. The stock had a trading volume of 7,570,599 shares. Amazon.com has a 52 week low of $245.75 and a 52 week 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 $167.7 billion and a P/E ratio of 1460.18. Amazon.com also saw some unusual options trading activity on Thursday. Stock traders acquired 94,031 call options on the company. This represents 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 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 $0.73 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on AMZN. 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. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus 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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