Newbrook Capital Advisors LP cut its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,453 shares of the software maker’s stock after selling 2,280 shares during the quarter. Stamps.com comprises 2.4% of Newbrook Capital Advisors LP’s investment portfolio, making the stock its 18th biggest position. Newbrook Capital Advisors LP owned about 1.07% of Stamps.com worth $35,053,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of STMP. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Stamps.com by 47.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock worth $149,000 after acquiring an additional 255 shares during the last quarter. Marble Harbor Investment Counsel LLC acquired a new position in Stamps.com during the third quarter worth about $203,000. Raymond James Financial Services Advisors Inc. acquired a new position in Stamps.com during the third quarter worth about $209,000. BlueCrest Capital Management Ltd acquired a new position in Stamps.com during the fourth quarter worth about $217,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in Stamps.com by 301.5% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,076 shares of the software maker’s stock worth $218,000 after acquiring an additional 808 shares during the last quarter.
Stamps.com Inc. (NASDAQ:STMP) opened at $200.00 on Wednesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3,637.20, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.70 and a beta of 0.07. Stamps.com Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $233.13.
In other news, CEO Kenneth Thomas Mcbride sold 8,115 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $182.46, for a total value of $1,480,662.90. Following the transaction, the chief executive officer now directly owns 9,981 shares in the company, valued at approximately $1,821,133.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $188.25, for a total transaction of $225,900.00. Following the completion of the transaction, the insider now owns 1,442 shares in the company, valued at $271,456.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 242,704 shares of company stock worth $47,405,284. Company insiders own 11.08% of the company’s stock.
STMP has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $223.00 target price on the stock in a report on Thursday, March 1st. BidaskClub lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Sidoti boosted their target price on shares of Stamps.com from $254.00 to $265.00 in a report on Thursday, February 22nd. Roth Capital decreased their target price on shares of Stamps.com from $235.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Finally, Craig Hallum reiterated a “buy” rating and issued a $215.00 target price (down from $230.00) on shares of Stamps.com in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Stamps.com currently has an average rating of “Buy” and an average price target of $243.00.
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Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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