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Equities research analysts at Macquarie lowered their price objective on shares of Amazon.com (NASDAQ:AMZN) from $465.00 to $430.00 in a research note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price target suggests a potential upside of 41.53% from the stock’s previous close.

Amazon.com (NASDAQ:AMZN) opened at 303.83 on Friday. Amazon.com has a one year low of $245.75 and a one year high of $408.06. The stock’s 50-day moving average is $342.8 and its 200-day moving average is $361.7. The company has a market cap of $139.5 billion and a price-to-earnings ratio of 571.44. Amazon.com also was the recipient of some unusual options trading activity on Thursday. Investors bought 82,913 call options on the company. This represents an increase of approximately 188% compared to the average daily volume of 28,765 call options.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $19.74 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts predict that Amazon.com will post $1.92 earnings per share for the current fiscal year.

A number of other firms have also recently commented on AMZN. Analysts at JPMorgan Chase & Co. cut their price target on shares of Amazon.com from $365.00 to $350.00 in a research note on Friday. Separately, analysts at Cowen and Company reiterated an “outperform” rating on shares of Amazon.com in a research note on Thursday. Finally, analysts at Argus upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $480.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $412.95.

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

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