Axa Boosts Position in Stamps.com Inc. (STMP)
Axa boosted its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 7.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,200 shares of the software maker’s stock after purchasing an additional 3,400 shares during the period. Axa owned about 0.30% of Stamps.com worth $7,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Old Mutual Global Investors UK Ltd. acquired a new position in Stamps.com during the second quarter valued at $3,618,000. JPMorgan Chase & Co. lifted its position in Stamps.com by 29.6% during the second quarter. JPMorgan Chase & Co. now owns 69,722 shares of the software maker’s stock valued at $10,799,000 after purchasing an additional 15,917 shares during the period. State of Tennessee Treasury Department lifted its position in Stamps.com by 7.0% during the second quarter. State of Tennessee Treasury Department now owns 229,738 shares of the software maker’s stock valued at $35,581,000 after purchasing an additional 15,000 shares during the period. Principal Financial Group Inc. lifted its position in Stamps.com by 9.3% during the second quarter. Principal Financial Group Inc. now owns 134,728 shares of the software maker’s stock valued at $20,866,000 after purchasing an additional 11,449 shares during the period. Finally, DSAM Partners London Ltd acquired a new position in Stamps.com during the second quarter valued at $20,876,000.
In other news, insider Sebastian Buerba sold 44,255 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $192.07, for a total value of $8,500,057.85. Following the completion of the sale, the insider now owns 3,404 shares in the company, valued at approximately $653,806.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mohan P. Ananda sold 40,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $144.41, for a total transaction of $5,776,400.00. Following the completion of the sale, the director now owns 726,524 shares of the company’s stock, valued at approximately $104,917,330.84. The disclosure for this sale can be found here. Insiders sold a total of 447,763 shares of company stock valued at $85,177,575 in the last 90 days. Company insiders own 11.46% of the company’s stock.
STMP has been the subject of a number of research reports. Roth Capital restated a “buy” rating and set a $166.00 target price on shares of Stamps.com in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 target price for the company in a research report on Tuesday, August 29th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Craig Hallum reaffirmed a “buy” rating and issued a $210.00 price objective (up previously from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Finally, B. Riley set a $250.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a report on Friday, August 25th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Stamps.com has an average rating of “Buy” and a consensus target price of $205.33.
Stamps.com Inc. (NASDAQ STMP) opened at 202.00 on Thursday. Stamps.com Inc. has a 12-month low of $84.87 and a 12-month high of $220.25. The firm has a 50-day moving average of $191.64 and a 200-day moving average of $144.50. The stock has a market cap of $3.42 billion, a PE ratio of 32.67 and a beta of -0.04.
Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. During the same quarter last year, the business earned $1.94 EPS. The business’s revenue was up 38.2% on a year-over-year basis. Equities analysts predict that Stamps.com Inc. will post $8.05 earnings per share for the current fiscal year.
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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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