Stock Update (NASDAQ:AMZN): Amazon Announces Plans to Open Its Fourth Fulfillment Center in Washington; Company Will Create Hundreds of Full-Time Jobs at New Kent Site Inc (NASDAQ:AMZN) [at noodls] – SEATTLE–(BUSINESS WIRE)–Mar. 14, 2014–, Inc. (NASDAQ: AMZN) today announced plans to open a nearly 1 million-square-foot fulfillment center in Kent, Wash.Amazon will create hundreds of full-time …
Read more on this. Inc. (AMZN), with a current market cap of $171.02B, opened this morning at $372.63.
Looking at the stock, its one day range is $371.87 to $378.57 with the price of the stock fluctuating between $245.75 to $408.06 over the last 52 weeks.
AMZN shares are currently priced at 194.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.45x forward p/e ratio.

According to a consensus of 34 analysts, the earnings estimate of $0.23 per share would be $0.05 better than the year-ago quarter and a $0.31 sequential decrease. Investors should also note that the full-year EPS estimate of $1.91 is a $1.32 better when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $19.42 Billion. If reported, that would be a 20.85% increase over the year-ago quarter.
More recently, UBS downgraded AMZN from Buy to Neutral (Feb 12, 2014). Previously, Standpoint Research Initiated AMZN at to Sell.
Given all the information above, we should disclose to readers that the average price target is $433.05, which is 16.21% above than it opened this morning.
Summary (NASDAQ:AMZN) :, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. The company serves consumers through retail Websites, such as and, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers. It also offers programs that enable sellers to sell their products on company’s Websites, and their own branded Websites; and programs, which allow authors, musicians, filmmakers, app developers, and others to publish and sell content. In addition, the company serves developers and enterprises through Amazon Web Services, which provides access to technology infrastructure that enables virtually various businesses. Further, it offers Kindle Direct Publishing, an online platform that allows independent authors and publishers to make their books available in the Kindle Store; and manufactures and sells electronic devices, as well as provides co-branded credit card agreements and advertising services. Additionally, the company offers Amazon Prime, an annual membership program, which provides free shipping of items; access to streaming of movies and TV episodes; and access to books to borrow and read on a Kindle device., Inc. was founded in 1994 and is headquartered in Seattle, Washington.
Tag Helper ~ Stock Code: AMZN | Common Company name: Amazon | Full Company name: Inc (NASDAQ:AMZN) .

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