Stock Update (NASDAQ:AMZN): Amazon taking on GrubHub with new local takeout service, TechCrunch says Inc (NASDAQ:AMZN) [] – (AMZN) is launching a food takeout service that is initially going to be part of Amazon Local, and is said to be a “direct competitor” to GrubHub (GRUB) and Seamless, the delivery …
Read more on this. Inc. (AMZN), with a current value of $150.35B, opened at $324.33.
Looking at today’s trading action, the company’s one day range from $321.74 to $327.69 with the price of the stock fluctuating between $273.50 to $408.06 over the last 52 weeks.
Priced at 302.95x this year’s forecasted earnings, AMZN shares are relatively expensive compared to the industry’s 34.46x forward p/e ratio.

In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $-0.14 per share, which would be $0.00 better than the year-ago quarter and a $0.23 sequential increase. The full-year EPS estimate is $1.07, which would be a $0.48 better than last year.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $19.31 Billion. If reported, that would be a 22.99% increase over the year-ago quarter.
In terms of ratings, Argus upgraded AMZN from Hold to Buy (Apr 16, 2014). Previously, UBS downgraded AMZN from Buy to Neutral.
The average price target for AMZN shares by the analysts covering it is $417.54, which is 28.74% above where the stock opened.
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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