Creative Planning trimmed its holdings in Stamps.com Inc. (NASDAQ:STMP) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,300 shares of the software maker’s stock after selling 100 shares during the period. Creative Planning’s holdings in Stamps.com were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in Stamps.com during the fourth quarter valued at approximately $15,791,000. SG Americas Securities LLC boosted its position in Stamps.com by 1,644.4% during the first quarter. SG Americas Securities LLC now owns 106,444 shares of the software maker’s stock valued at $13,846,000 after purchasing an additional 100,342 shares during the last quarter. Atom Investors LP acquired a new position in Stamps.com during the first quarter valued at approximately $12,437,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Stamps.com during the second quarter valued at approximately $10,310,000. Finally, Lord Abbett & CO. LLC acquired a new position in Stamps.com during the first quarter valued at approximately $7,015,000. 88.07% of the stock is owned by hedge funds and other institutional investors.
In other news, CMO Sebastian Buerba sold 23,451 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $197.95, for a total transaction of $4,642,125.45. Following the transaction, the chief marketing officer now owns 1,916 shares in the company, valued at $379,272.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jonathan Bourgoine sold 21,450 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $186.21, for a total value of $3,994,204.50. Following the transaction, the chief technology officer now owns 21,450 shares in the company, valued at approximately $3,994,204.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,603 shares of company stock worth $27,209,998. 9.62% of the stock is owned by corporate insiders.
Shares of NASDAQ STMP opened at $260.28 on Friday. The firm has a market cap of $4.40 billion, a P/E ratio of 77.70 and a beta of 0.30. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. Stamps.com Inc. has a 1-year low of $44.03 and a 1-year high of $261.55. The business’s 50 day moving average is $198.76 and its 200-day moving average is $150.89.
Stamps.com (NASDAQ:STMP) last announced its earnings results on Thursday, May 7th. The software maker reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.33. The company had revenue of $151.35 million for the quarter, compared to analyst estimates of $132.43 million. Stamps.com had a return on equity of 10.26% and a net margin of 10.21%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. Analysts forecast that Stamps.com Inc. will post 4.26 EPS for the current year.
Several research firms have issued reports on STMP. Craig Hallum upped their price objective on Stamps.com from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, May 8th. BidaskClub upgraded Stamps.com from a “hold” rating to a “buy” rating in a research note on Saturday, July 11th. Finally, Northland Securities restated a “buy” rating and issued a $220.00 price objective on shares of Stamps.com in a research note on Thursday, May 28th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $149.00.
Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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.
See Also: What is an overbought condition?
Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.