Amazon Updated June 24, 2017

Amazon is updated and rated Sell at $1004. Every time I look at it, it appears to be way over-valued but I have noted in the past that it can still keep going up. Which it has.  I continue to look at it and try to understand why investors are paying 189 times earnings for it. Obviously, they expect earnings to increase a lot. This company is already one of the highest valued in the world at $491 billion. Will it now double to a trillion? It’s just too expensive for my tastes.