Amazon’s Prime hits a new high

Article Excerpt

AMAZON.COM INC. $3,231.80 is a buy. The company (Nasdaq symbol AMZN; TSINetwork Rating: Average) (www.amazon.com; Shares o/s: 504.3 million; Market cap: $1.6 trillion; No divds.) now has over 200 million members in its Prime membership program worldwide. That’s up 33.3% from 150 million members a year ago. The program, which costs $119 per year, or $12.99 a month, in the U.S., is a key part of Amazon’s business. Prime benefits include free shipping, among other perks such as streaming media; cloud storage; grocery delivery; discounts at Whole Foods; and more. Meanwhile, Amazon has invested heavily in its logistics network to make one-day delivery the standard for free Prime delivery. Amazon.com is a buy. buy…