Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 74.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,494 shares of the software maker’s stock after buying an additional 3,630 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Stamps.com were worth $1,921,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Morgan Stanley raised its stake in shares of Stamps.com by 446.0% in the second quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock worth $125,424,000 after purchasing an additional 404,861 shares during the last quarter. BlackRock Inc. raised its stake in shares of Stamps.com by 11.3% in the second quarter. BlackRock Inc. now owns 2,518,796 shares of the software maker’s stock worth $637,381,000 after purchasing an additional 255,512 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Stamps.com by 69.8% in the second quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock worth $90,491,000 after purchasing an additional 147,000 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Stamps.com by 2,108.4% in the second quarter. Jennison Associates LLC now owns 90,082 shares of the software maker’s stock worth $22,795,000 after purchasing an additional 86,003 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Stamps.com by 16.1% in the third quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock worth $86,652,000 after purchasing an additional 53,051 shares during the last quarter. Institutional investors and hedge funds own 92.19% of the company’s stock.

STMP stock opened at $152.91 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79. Stamps.com Inc. has a 1-year low of $150.05 and a 1-year high of $285.74. The firm has a market capitalization of $2.78 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.38. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The company had revenue of $143.51 million during the quarter, compared to analyst estimates of $135.00 million. During the same quarter in the previous year, the company posted $2.68 earnings per share. Stamps.com’s revenue was up 24.7% compared to the same quarter last year. As a group, research analysts anticipate that Stamps.com Inc. will post 9.79 EPS for the current fiscal year.

In related news, CMO Sebastian Buerba sold 2,499 shares of Stamps.com stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $249.71, for a total value of $624,025.29. Following the completion of the sale, the chief marketing officer now owns 719 shares of the company’s stock, valued at $179,541.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total value of $297,780.00. Following the completion of the sale, the insider now directly owns 1,541 shares of the company’s stock, valued at approximately $382,399.15. The disclosure for this sale can be found here. Insiders sold 8,600 shares of company stock valued at $1,973,733 in the last ninety days. 6.17% of the stock is currently owned by corporate insiders.

STMP has been the subject of several recent analyst reports. Maxim Group set a $320.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Thursday, August 2nd. ValuEngine cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. B. Riley set a $300.00 price target on Stamps.com and gave the stock a “buy” rating in a research note on Thursday, October 18th. BidaskClub cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, Roth Capital boosted their price target on Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Stamps.com has a consensus rating of “Hold” and an average price target of $247.25.

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About Stamps.com

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

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