Amazon Unveils Plans To Build New Warehouse, Bringing 1000 Jobs To Virginia

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.

  • Zachary Reyes