American International Group Inc. trimmed its position in shares of Stamps.com Inc. (NASDAQ:STMP) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,156 shares of the software maker’s stock after selling 425 shares during the period. American International Group Inc.’s holdings in Stamps.com were worth $1,071,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Pearl River Capital LLC bought a new position in Stamps.com in the 4th quarter worth about $27,000. Stephens Inc. AR grew its stake in Stamps.com by 155.8% in the 4th quarter. Stephens Inc. AR now owns 220 shares of the software maker’s stock worth $34,000 after acquiring an additional 134 shares in the last quarter. Huntington National Bank bought a new position in Stamps.com in the 1st quarter worth about $101,000. Quantamental Technologies LLC bought a new position in Stamps.com in the 1st quarter worth about $126,000. Finally, Menta Capital LLC bought a new position in Stamps.com in the 1st quarter worth about $208,000. Institutional investors own 96.70% of the company’s stock.
A number of equities analysts have commented on the stock. Maxim Group downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Craig Hallum dropped their target price on shares of Stamps.com from $265.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 22nd. BidaskClub upgraded shares of Stamps.com from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, TheStreet downgraded shares of Stamps.com from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $81.86.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.14. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. The firm had revenue of $136.00 million during the quarter, compared to analysts’ expectations of $126.06 million. During the same quarter in the prior year, the company earned $2.54 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that Stamps.com Inc. will post 2.34 EPS for the current year.
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.
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