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Amazon.com (NASDAQ:AMZN) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Amazon.com from $400.00 to $380.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Topeka Capital Markets cut their price target on shares of Amazon.com from $430.00 to $395.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at B. Riley downgraded shares of Amazon.com from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $350.00 price target on the stock, down previously from $425.00. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $406.77.

Amazon.com (NASDAQ:AMZN) traded down 9.65% on Friday, hitting $324.01. The stock had a trading volume of 17,855,140 shares. Amazon.com has a one year low of $279.33 and a one year high of $408.06. The stock’s 50-day moving average is $336.3 and its 200-day moving average is $342.. The company has a market cap of $149.1 billion and a price-to-earnings ratio of 559.45.

Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, July 24th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.10. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts expect that Amazon.com will post $1.05 EPS for the current fiscal year.

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

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