Envestnet Asset Management Inc. boosted its stake in Stamps.com Inc. (NASDAQ:STMP) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,481 shares of the software maker’s stock after buying an additional 25 shares during the period. Envestnet Asset Management Inc.’s holdings in Stamps.com were worth $284,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of STMP. BlackRock Fund Advisors boosted its position in shares of Stamps.com by 9.3% in the third quarter. BlackRock Fund Advisors now owns 1,099,417 shares of the software maker’s stock valued at $103,906,000 after buying an additional 93,496 shares in the last quarter. Park West Asset Management LLC boosted its position in shares of Stamps.com by 45.5% in the third quarter. Park West Asset Management LLC now owns 480,000 shares of the software maker’s stock valued at $45,365,000 after buying an additional 150,000 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Stamps.com by 5.0% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 398,069 shares of the software maker’s stock valued at $45,639,000 after buying an additional 18,825 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Stamps.com by 4.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 394,334 shares of the software maker’s stock valued at $37,269,000 after buying an additional 15,114 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Stamps.com by 6.6% in the fourth quarter. State Street Corp now owns 356,759 shares of the software maker’s stock valued at $40,902,000 after buying an additional 22,098 shares in the last quarter.
Stamps.com Inc. (NASDAQ:STMP) traded up 0.64% during midday trading on Friday, reaching $110.00. The company’s stock had a trading volume of 510,419 shares. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 26.70 and a beta of 0.12. Stamps.com Inc. has a 12 month low of $68.82 and a 12 month high of $136.00. The stock’s 50-day moving average price is $118.18 and its 200-day moving average price is $113.34.
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STMP has been the subject of a number of analyst reports. Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 5th. Roth Capital set a $156.00 price objective on Stamps.com and gave the company a “buy” rating in a research report on Friday, February 17th. Singular Research reaffirmed a “buy” rating and issued a $145.00 price objective (up previously from $134.00) on shares of Stamps.com in a research report on Monday, February 27th. Finally, B. Riley reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Stamps.com in a research report on Sunday, February 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $159.25.
In other news, CEO Kenneth Thomas Mcbride sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $106.14, for a total value of $1,061,400.00. Following the sale, the chief executive officer now directly owns 12,006 shares of the company’s stock, valued at $1,274,316.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lloyd I. Miller III sold 6,100 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $136.00, for a total value of $829,600.00. Following the completion of the sale, the director now directly owns 195,269 shares in the company, valued at $26,556,584. The disclosure for this sale can be found here. Insiders have sold 350,210 shares of company stock worth $45,282,585 over the last three months. Company insiders own 11.46% of the company’s stock.
About Stamps.com
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
