PineBridge Investments L.P. raised its position in shares of Stamps.com Inc. (NASDAQ:STMP) by 8.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,991 shares of the company’s stock after buying an additional 153 shares during the period. PineBridge Investments L.P.’s holdings in Stamps.com were worth $174,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Stamps.com by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,252,774 shares of the company’s stock valued at $109,517,000 after buying an additional 79,128 shares during the last quarter. Principal Financial Group Inc. boosted its position in Stamps.com by 7.4% in the second quarter. Principal Financial Group Inc. now owns 114,354 shares of the company’s stock valued at $9,997,000 after buying an additional 7,878 shares during the last quarter. Hancock Holding Co. boosted its position in Stamps.com by 4.8% in the second quarter. Hancock Holding Co. now owns 9,000 shares of the company’s stock valued at $787,000 after buying an additional 409 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Stamps.com by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,084 shares of the company’s stock valued at $182,000 after buying an additional 253 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Stamps.com by 51.6% in the second quarter. Nationwide Fund Advisors now owns 26,641 shares of the company’s stock valued at $2,329,000 after buying an additional 9,069 shares during the last quarter. 97.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stamps.com Inc. (NASDAQ:STMP) opened at 93.23 on Friday. Stamps.com Inc. has a 52-week low of $68.82 and a 52-week high of $123.75. The firm’s 50-day moving average is $92.21 and its 200 day moving average is $90.02. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 47.21 and a beta of 0.97.
Stamps.com (NASDAQ:STMP) last issued its earnings results on Thursday, July 28th. The company reported $1.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.68. The business earned $84.01 million during the quarter, compared to analysts’ expectations of $73.49 million. Stamps.com had a net margin of 12.09% and a return on equity of 27.94%. The company’s quarterly revenue was up 73.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. Equities analysts expect that Stamps.com Inc. will post $7.11 EPS for the current year.
Several research firms have recently weighed in on STMP. Zacks Investment Research cut shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Thursday. B. Riley reaffirmed a “buy” rating and issued a $150.00 price target on shares of Stamps.com in a report on Friday, June 10th. Craig Hallum reissued a “buy” rating on shares of Stamps.com in a research note on Tuesday, July 12th. Finally, Roth Capital reissued a “buy” rating and issued a $96.00 target price on shares of Stamps.com in a research note 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 price target of $110.67.
In related news, insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $78.99, for a total transaction of $394,950.00. Following the completion of the sale, the insider now directly owns 6,093 shares in the company, valued at $481,286.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.46% of the stock is currently owned by insiders.
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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