Stamps.com Inc. (STMP) Shares Sold by First Trust Advisors LP
First Trust Advisors LP reduced its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 31.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,386 shares of the company’s stock after selling 6,165 shares during the period. First Trust Advisors LP owned about 0.08% of Stamps.com worth $1,170,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Capital Growth Management LP bought a new stake in Stamps.com during the first quarter valued at $10,628,000. UBS Group AG raised its stake in Stamps.com by 189.6% in the first quarter. UBS Group AG now owns 23,314 shares of the company’s stock valued at $2,477,000 after buying an additional 15,264 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Stamps.com during the first quarter valued at $1,976,000. State Street Corp raised its stake in Stamps.com by 1.0% in the first quarter. State Street Corp now owns 298,730 shares of the company’s stock valued at $31,747,000 after buying an additional 2,934 shares in the last quarter. Finally, BlackRock Japan Co. Ltd raised its stake in Stamps.com by 82.7% in the first quarter. BlackRock Japan Co. Ltd now owns 1,748 shares of the company’s stock valued at $186,000 after buying an additional 791 shares in the last quarter. Institutional investors own 97.07% of the company’s stock.
Stamps.com Inc. (NASDAQ:STMP) traded up 0.43% during trading on Monday, reaching $94.92. 120,536 shares of the company’s stock were exchanged. Stamps.com Inc. has a 12 month low of $68.82 and a 12 month high of $123.75. The stock has a market cap of $1.64 billion, a PE ratio of 48.06 and a beta of 1.10. The firm has a 50 day moving average of $92.43 and a 200-day moving average of $89.89.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.68. Stamps.com had a return on equity of 27.94% and a net margin of 12.09%. The company earned $84.01 million during the quarter, compared to analysts’ expectations of $73.49 million. During the same quarter in the previous year, the business earned $0.97 EPS. Stamps.com’s revenue was up 73.7% compared to the same quarter last year. On average, equities research analysts anticipate that Stamps.com Inc. will post $7.11 earnings per share for the current fiscal year.
Several research firms recently issued reports on STMP. Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday. B. Riley reissued a “buy” rating and issued a $150.00 price target on shares of Stamps.com in a research report on Friday, June 10th. Craig Hallum reissued a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Finally, Roth Capital reissued a “buy” rating and issued a $96.00 price target on shares of Stamps.com in a research report on Thursday, July 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Stamps.com currently has a consensus rating of “Buy” and an average target price of $110.67.
In related news, insider James Bortnak sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $93.75, for a total transaction of $468,750.00. Following the completion of the transaction, the insider now owns 6,093 shares in the company, valued at approximately $571,218.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.46% of the company’s stock.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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