UBS Asset Management Americas Inc. continued to hold its stake in Stamps.com Inc. (NASDAQ:STMP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,785 shares of the company’s stock at the end of the third quarter. UBS Asset Management Americas Inc.’s holdings in Stamps.com were worth $641,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in STMP. FMR LLC increased its stake in Stamps.com by 7.0% in the second quarter. FMR LLC now owns 2,530,178 shares of the company’s stock worth $221,188,000 after buying an additional 166,500 shares during the last quarter. AMI Asset Management Corp acquired a new stake in Stamps.com during the third quarter worth about $14,799,000. Weatherbie Capital LLC acquired a new stake in Stamps.com during the second quarter worth about $13,275,000. Columbus Circle Investors increased its stake in Stamps.com by 51.7% in the second quarter. Columbus Circle Investors now owns 441,618 shares of the company’s stock worth $38,606,000 after buying an additional 150,419 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Stamps.com during the third quarter worth about $13,659,000.
Stamps.com Inc. (NASDAQ:STMP) traded up 0.76% on Friday, hitting $119.20. 154,226 shares of the stock were exchanged. The stock’s 50 day moving average price is $114.54 and its 200 day moving average price is $97.33. Stamps.com Inc. has a 52-week low of $68.82 and a 52-week high of $123.75. The firm has a market cap of $2.03 billion, a PE ratio of 46.40 and a beta of 0.22.
Stamps.com (NASDAQ:STMP) last announced its earnings results on Thursday, November 3rd. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.76. Stamps.com had a net margin of 14.05% and a return on equity of 30.57%. The company had revenue of $92.60 million for the quarter, compared to analysts’ expectations of $79.40 million. During the same quarter in the previous year, the company posted $1.14 EPS. The firm’s quarterly revenue was up 79.1% on a year-over-year basis. Equities research analysts forecast that Stamps.com Inc. will post $8.34 earnings per share for the current year.
Several brokerages have recently weighed in on STMP. Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 5th. B. Riley reissued a “buy” rating and issued a $184.00 target price on shares of Stamps.com in a research note on Friday, November 4th. Finally, Roth Capital set a $133.00 target price on shares of Stamps.com and gave the company a “buy” rating in a research note on Sunday, November 6th.
In other Stamps.com news, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction on Monday, October 24th. The shares were sold at an average price of $94.54, for a total transaction of $472,700.00. Following the sale, the insider now owns 6,093 shares of the company’s stock, valued at approximately $576,032.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lloyd I. Miller III sold 35,000 shares of Stamps.com stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $108.00, for a total transaction of $3,780,000.00. Following the sale, the director now directly owns 195,669 shares in the company, valued at approximately $21,132,252. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,000 shares of company stock worth $12,506,600. 11.46% of the stock is currently owned by corporate 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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