JPMorgan Chase & Co. lifted its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 40.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,493 shares of the software maker’s stock after buying an additional 18,391 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of Stamps.com worth $14,362,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of STMP. Commonwealth Equity Services LLC acquired a new position in Stamps.com during the 2nd quarter valued at about $534,000. Wells Fargo & Company MN grew its stake in Stamps.com by 49.5% during the 2nd quarter. Wells Fargo & Company MN now owns 31,631 shares of the software maker’s stock valued at $8,004,000 after purchasing an additional 10,469 shares during the last quarter. First Trust Advisors LP grew its stake in Stamps.com by 51.9% during the 2nd quarter. First Trust Advisors LP now owns 14,224 shares of the software maker’s stock valued at $3,599,000 after purchasing an additional 4,863 shares during the last quarter. Jennison Associates LLC grew its stake in Stamps.com by 2,108.4% during the 2nd quarter. Jennison Associates LLC now owns 90,082 shares of the software maker’s stock valued at $22,795,000 after purchasing an additional 86,003 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Stamps.com during the 2nd quarter valued at about $892,000. Institutional investors own 93.73% of the company’s stock.
In other news, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $226.66, for a total value of $271,992.00. Following the sale, the insider now owns 1,541 shares in the company, valued at $349,283.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Sebastian Buerba sold 2,501 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $222.49, for a total value of $556,447.49. Following the completion of the sale, the chief marketing officer now owns 720 shares in the company, valued at approximately $160,192.80. The disclosure for this sale can be found here. Insiders sold 4,901 shares of company stock worth $1,051,927 in the last 90 days. Company insiders own 6.17% of the company’s stock.
Stamps.com stock opened at $171.71 on Friday. 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 stock has a market cap of $2.96 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.11 and a beta of 0.20. Stamps.com Inc. has a fifty-two week low of $145.78 and a fifty-two week high of $285.74.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, October 31st. The software maker reported $2.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.38. The business had revenue of $143.51 million for the quarter, compared to the consensus estimate of $135.00 million. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.68 EPS. On average, research analysts forecast that Stamps.com Inc. will post 9.79 earnings per share for the current year.
Several analysts have weighed in on STMP shares. Craig Hallum dropped their price target on Stamps.com from $300.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Maxim Group set a $320.00 price target on Stamps.com and gave the company a “buy” rating in a research note on Wednesday, October 31st. B. Riley set a $300.00 price target on Stamps.com and gave the company a “buy” rating in a research note on Tuesday, October 30th. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 16th. Two 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $246.86.
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Stamps.com Company 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.
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