EULAV Asset Management Has $2,722,000 Stake in Stamps.com Inc. (STMP)
EULAV Asset Management continued to hold its position in shares of Stamps.com Inc. (NASDAQ:STMP) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,800 shares of the company’s stock at the end of the third quarter. EULAV Asset Management owned 0.17% of Stamps.com worth $2,722,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Swiss National Bank increased its position in shares of Stamps.com by 4.8% in the second quarter. Swiss National Bank now owns 26,066 shares of the company’s stock worth $2,279,000 after buying an additional 1,200 shares during the last quarter. New Jersey Better Educational Savings Trust acquired a new position in shares of Stamps.com during the second quarter worth about $612,000. Columbus Circle Investors increased its position in shares of 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. ClariVest Asset Management LLC increased its position in shares of Stamps.com by 21.6% in the second quarter. ClariVest Asset Management LLC now owns 20,585 shares of the company’s stock worth $1,800,000 after buying an additional 3,661 shares during the last quarter. Finally, Northpointe Capital LLC acquired a new position in shares of Stamps.com during the second quarter worth about $11,211,000. 97.07% of the stock is currently owned by institutional investors and hedge funds.
Stamps.com Inc. (NASDAQ:STMP) traded up 2.59% during trading on Friday, hitting $119.00. The company had a trading volume of 188,131 shares. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 46.32 and a beta of 0.22. The firm’s 50 day moving average is $112.60 and its 200-day moving average is $95.34. Stamps.com Inc. has a 52-week low of $68.82 and a 52-week high of $123.75.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $2.33 EPS for the quarter, beating the Thomson Reuters’ 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 earned $92.60 million during the quarter, compared to analysts’ expectations of $79.40 million. During the same quarter last year, the company posted $1.14 EPS. The firm’s revenue was up 79.1% compared to the same quarter last year. On average, equities analysts forecast that Stamps.com Inc. will post $8.34 earnings per share for the current year.
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STMP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 5th. Roth Capital set a $133.00 target price on Stamps.com and gave the company a “buy” rating in a research report on Sunday, November 6th. Finally, B. Riley reissued a “buy” rating and issued a $184.00 target price on shares of Stamps.com in a research report on Wednesday, November 9th.
In other Stamps.com news, insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $94.54, for a total value of $472,700.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd I. Miller III sold 50,000 shares of Stamps.com stock in a transaction on Monday, December 5th. The stock was sold at an average price of $108.00, for a total transaction of $5,400,000.00. Following the sale, the director now directly owns 195,669 shares of the company’s stock, valued at $21,132,252. The disclosure for this sale can be found here. 11.46% of the stock is currently owned by company 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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