[at TheStreet] – Amazon is launching a new video service that will feature user-generated content. Sound familiar? Alphabet’s YouTube is the competitor that the Seattle-based online retailer hopes to take down. Read more on this. Amazon.com, Inc. (AMZN) , with a current value of $332.74B, ended trading at $709.92. During today’s session, AMZN traded between $704.27 to $710.73 and has traded between $418.36 and $722.45 over the past 12 months. Priced at 132.94x this year’s forecasted earnings, AMZN shares are relatively expensive compared to the industry’s 4.76x forward p/e ratio. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $5.34, which would be a $4.09 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $29.57 Billion. If realized, that would be a 27.57% increase over the year-ago quarter. Recently, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $793.26, which is 11.74% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Market Update (NASDAQ:AMZN): Amazon Stock Soaring Toward $700; Will It Beat Alphabet to $1,000? Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Echo Finally Gives Fitbit A Voice Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN)