Amazon Unveils Plans To Build New Warehouse, Bringing 1000 Jobs To Virginia
- Author: Zachary Reyes Mar 30, 2017,
Mar 30, 2017, 17:52
Amazon plans to build another distribution center in Frederick County, Virginia which will create the jobs, the online retailer announced.
Amazon.com, Inc. (AMZN) has a market capitalization of 417.2 Billion. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant's stock worth $100,000 after buying an additional 8 shares in the last quarter. ADV purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $1,164,000. The S&P 500 index is up 15.8% for the past 12 months. Amazon.com, Inc. The firm has a 50-day moving average of $847.46 and a 200 day moving average of $805.76. Additionally, Argus Upgrade its ratings on the stock to Buy.
Amazon.com, Inc. (NASDAQ:AMZN) is expected to post revenue of $35.26 Billion in the current quarter, according to consensus of 36 analysts. Finally, Vetr raised Amazon.com from a "hold" rating to a "buy" rating and set a $879.52 price objective for the company in a research report on Wednesday, March 22nd. During the same period in the previous year, the firm posted $1.00 earnings per share.
With Amazon shares illustrating that they still have plenty of buying power on Wall Street - putting resistance at $850 in the rear-view - could $900 or even $1,000 be in the works?
Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The company has a 1 Year high price target of $941.38. In fact, part of what helped get Amazon over its most recent hump was a Wednesday note by Stifel Nicolaus in which it raised the price target on shares.
In other news, insider David Zapolsky sold 503 shares of the stock in a transaction dated Tuesday, February 21st.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The shares were sold at an average price of $850.00, for a total value of $501,500.00. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & global copyright & trademark law. Following the completion of the transaction, the insider now directly owns 2,523 shares in the company, valued at $2,144,550. The shares were sold at an average price of $850.00, for a total value of $427,550.00. The disclosure for this sale can be found here.