Stamps.com Inc. (STMP) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

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Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Stamps.com Inc. (NASDAQ:STMP) by 77.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,792 shares of the software maker’s stock after purchasing an additional 780 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stamps.com were worth $405,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley raised its stake in Stamps.com by 446.0% during the second quarter. Morgan Stanley now owns 495,645 shares of the software maker’s stock worth $125,424,000 after acquiring an additional 404,861 shares during the period. BlackRock Inc. raised its stake in Stamps.com by 11.3% during the second quarter. BlackRock Inc. now owns 2,518,796 shares of the software maker’s stock worth $637,381,000 after acquiring an additional 255,512 shares during the period. Renaissance Technologies LLC raised its stake in Stamps.com by 69.8% during the second quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock worth $90,491,000 after acquiring an additional 147,000 shares during the period. Jennison Associates LLC raised its stake in Stamps.com by 2,108.4% during the second quarter. Jennison Associates LLC now owns 90,082 shares of the software maker’s stock worth $22,795,000 after acquiring an additional 86,003 shares during the period. Finally, Conestoga Capital Advisors LLC raised its stake in Stamps.com by 16.1% during the third quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock worth $86,652,000 after acquiring an additional 53,051 shares during the period. Institutional investors and hedge funds own 93.73% of the company’s stock.

In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $226.66, for a total value of $271,992.00. Following the completion of the transaction, the insider now owns 1,541 shares in the company, valued at approximately $349,283.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $556,447.49. Following the completion of the transaction, the chief marketing officer now owns 720 shares of the company’s stock, valued at approximately $160,192.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,901 shares of company stock valued at $1,051,927. 6.17% of the stock is owned by insiders.

NASDAQ STMP opened at $171.71 on Friday. Stamps.com Inc. has a 52 week low of $145.78 and a 52 week high of $285.74. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.20 and a beta of 0.20.

Stamps.com (NASDAQ:STMP) last posted its earnings results on Wednesday, October 31st. The software maker reported $2.76 EPS for the quarter, topping the consensus estimate of $2.38 by $0.38. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The firm had revenue of $143.51 million during the quarter, compared to analysts’ expectations of $135.00 million. During the same quarter in the prior year, the firm earned $2.68 EPS. Stamps.com’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, equities analysts expect that Stamps.com Inc. will post 9.79 earnings per share for the current year.

Several equities research analysts recently weighed in on STMP shares. Craig Hallum dropped their price objective on shares of 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 objective on shares of Stamps.com and gave the stock a “buy” rating in a research note on Wednesday, October 31st. B. Riley set a $300.00 price objective on shares of Stamps.com and gave the stock a “buy” rating in a research note on Tuesday, October 30th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $246.86.

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Stamps.com 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.

See Also: Relative Strength Index

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

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