Alliancebernstein L.P. increased its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 24.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,306 shares of the software maker’s stock after acquiring an additional 9,870 shares during the quarter. Alliancebernstein L.P. owned about 0.28% of Stamps.com worth $11,379,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Stamps.com by 15.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,074 shares of the software maker’s stock valued at $922,000 after acquiring an additional 548 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Stamps.com by 47.1% in the third quarter. Jennison Associates LLC now owns 132,529 shares of the software maker’s stock valued at $29,978,000 after acquiring an additional 42,447 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Stamps.com in the third quarter valued at about $318,000. Swiss National Bank boosted its holdings in shares of Stamps.com by 1.4% in the third quarter. Swiss National Bank now owns 29,666 shares of the software maker’s stock valued at $6,710,000 after acquiring an additional 400 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Stamps.com by 10.8% in the third quarter. Prudential Financial Inc. now owns 32,670 shares of the software maker’s stock valued at $7,390,000 after acquiring an additional 3,183 shares in the last quarter. Hedge funds and other institutional investors own 93.73% of the company’s stock.
Several analysts have recently weighed in on STMP shares. Craig Hallum lowered their target price on shares of Stamps.com from $300.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Maxim Group set a $320.00 target price on shares of Stamps.com and gave the company a “buy” rating in a report on Wednesday, October 31st. B. Riley set a $300.00 target price on shares of Stamps.com and gave the company a “buy” rating in a report on Tuesday, October 30th. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Stamps.com currently has an average rating of “Hold” and an average target price of $246.86.
In related news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $226.66, for a total transaction of $271,992.00. Following the sale, the insider now owns 1,541 shares of the company’s stock, valued at $349,283.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Sebastian Buerba sold 2,501 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $222.49, for a total transaction of $556,447.49. Following the sale, the chief marketing officer now directly owns 720 shares in the company, valued at approximately $160,192.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,901 shares of company stock worth $1,051,927. 6.17% of the stock is owned by insiders.
STMP stock opened at $171.71 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.11 and a beta of 0.20. Stamps.com Inc. has a 52 week low of $145.78 and a 52 week high of $285.74. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.08.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.38. The firm had revenue of $143.51 million for the quarter, compared to the consensus estimate of $135.00 million. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The firm’s revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.68 earnings per share. On average, equities analysts predict that Stamps.com Inc. will post 9.79 earnings per share for the current year.
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Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.
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