Stamps.com Inc. (STMP) Stake Raised by Prudential Financial Inc.

Prudential Financial Inc. grew its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,670 shares of the software maker’s stock after buying an additional 3,183 shares during the period. Prudential Financial Inc. owned 0.18% of Stamps.com worth $7,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of Stamps.com by 446.0% during the second quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock valued at $125,424,000 after acquiring an additional 404,861 shares during the period. BlackRock Inc. increased its stake in shares of Stamps.com by 11.3% during the second quarter. BlackRock Inc. now owns 2,518,796 shares of the software maker’s stock valued at $637,381,000 after acquiring an additional 255,512 shares during the period. Renaissance Technologies LLC increased its stake in shares of Stamps.com by 69.8% during the second quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock valued at $90,491,000 after acquiring an additional 147,000 shares during the period. Jennison Associates LLC increased its stake in shares of Stamps.com by 2,108.4% during the second quarter. Jennison Associates LLC now owns 90,082 shares of the software maker’s stock valued at $22,795,000 after acquiring an additional 86,003 shares during the period. Finally, Conestoga Capital Advisors LLC increased its stake in shares of Stamps.com by 16.1% during the third quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock valued at $86,652,000 after acquiring an additional 53,051 shares during the period. 93.73% of the stock is currently owned by institutional investors.

NASDAQ STMP opened at $171.71 on Friday. Stamps.com Inc. has a 12 month low of $145.78 and a 12 month 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. The company 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 (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.38. The firm had revenue of $143.51 million for the quarter, compared to analyst estimates of $135.00 million. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.68 earnings per share. Sell-side analysts predict that Stamps.com Inc. will post 9.79 EPS for the current fiscal year.

A number of research firms recently commented on STMP. Craig Hallum lowered their price objective on shares of Stamps.com from $300.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Friday, November 16th. BidaskClub lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. B. Riley set a $300.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a research note on Thursday, October 18th. Finally, ValuEngine lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $246.86.

In other Stamps.com news, CMO Sebastian Buerba sold 2,501 shares of Stamps.com stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $222.49, for a total value of $556,447.49. Following the transaction, the chief marketing officer now owns 720 shares in the company, valued at $160,192.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $186.24, for a total transaction of $223,488.00. Following the completion of the transaction, the insider now owns 1,541 shares in the company, valued at approximately $286,995.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,901 shares of company stock worth $1,051,927. 6.17% of the stock is currently owned by company insiders.

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Stamps.com Profile

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.

Read More: Leveraged Buyout (LBO)

Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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