Light Street Capital Management LLC Holding in Stamps Com INC (STMP) Trimmed as Stock Rose

May 17, 2018 - By Eva Godbolt

Stamps.com Inc. (NASDAQ:STMP) LogoInvestors sentiment increased to 1.21 in Q4 2017. Its up 0.20, from 1.01 in 2017Q3. It improved, as 39 investors sold STMP shares while 70 reduced holdings. 41 funds opened positions while 91 raised stakes. 16.37 million shares or 0.78% more from 16.25 million shares in 2017Q3 were reported. King Luther Cap Corp holds 17,655 shares. Balyasny Asset Ltd Liability Corp accumulated 2,250 shares or 0% of the stock. Pinebridge Lp has invested 0.03% of its portfolio in Stamps.com Inc. (NASDAQ:STMP). Cornerstone Capital Incorporated has invested 3.19% in Stamps.com Inc. (NASDAQ:STMP). Cim Ltd Liability Corporation holds 2,789 shares. The California-based California Employees Retirement has invested 0.02% in Stamps.com Inc. (NASDAQ:STMP). Barclays Public Limited Company accumulated 0% or 17,186 shares. Oz LP holds 10,200 shares. P2 Capital Prtn Ltd Llc has 14.04% invested in Stamps.com Inc. (NASDAQ:STMP) for 632,914 shares. Gotham Asset Ltd Liability Corporation holds 40,810 shares or 0.11% of its portfolio. Bancorp Of America Corporation De reported 0% of its portfolio in Stamps.com Inc. (NASDAQ:STMP). Morgan Stanley stated it has 98,441 shares or 0.01% of all its holdings. Tekne Cap Management Limited Liability holds 6.97% or 183,773 shares. Menta Cap Ltd Liability Company stated it has 2,581 shares. First Manhattan holds 300 shares or 0% of its portfolio.

Since December 18, 2017, it had 0 buys, and 19 sales for $46.43 million activity. Buerba Sebastian had sold 44,455 shares worth $8.60M on Tuesday, February 27. The insider Khechfe Amine sold $225,900. 1,000 shares were sold by ANANDA MOHAN P, worth $203,183. Lipson Matthew A. had sold 9,174 shares worth $1.88M on Monday, April 16. On Friday, May 4 the insider Clem John Roland sold $2.40M. 8,921 shares were sold by HUEBNER KYLE, worth $1.80M on Thursday, March 8.

Glen Kacher decreased its stake in Stamps Com Inc (STMP) by 21.05% based on its latest 2017Q4 regulatory filing with the SEC. Light Street Capital Management Llc sold 80,000 shares as the company’s stock rose 7.45% while stock markets declined. The hedge fund run by Glen Kacher held 300,000 shares of the business services company at the end of 2017Q4, valued at $56.40M, down from 380,000 at the end of the previous reported quarter. Light Street Capital Management Llc who had been investing in Stamps Com Inc for a number of months, seems to be less bullish one the $4.46B market cap company. The stock increased 0.75% or $1.85 during the last trading session, reaching $248.55. About 19,526 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 69.91% since May 17, 2017 and is uptrending. It has outperformed by 58.36% the S&P500.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on August, 1. They expect $2.17 earnings per share, up 28.40 % or $0.48 from last year’s $1.69 per share. STMP’s profit will be $38.89 million for 28.63 P/E if the $2.17 EPS becomes a reality. After $2.13 actual earnings per share reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts 1.88 % EPS growth.

More notable recent Stamps.com Inc. (NASDAQ:STMP) news were published by: Streetinsider.com which released: “B.Riley/FBR Reiterates Buy on Stamps.com (STMP) Following Postal Forum” on May 09, 2018, also Seekingalpha.com with their article: “Stamps.com’s (STMP) CEO Ken McBride on Q1 2018 Results – Earnings Call Transcript” published on May 04, 2018, Investorplace.com published: “These 7 Best-Performing CEOs Guarantee High Returns” on May 03, 2018. More interesting news about Stamps.com Inc. (NASDAQ:STMP) were released by: Seekingalpha.com and their article: “Stamps.com: Growth Initiatives To Drive Stock Higher” published on May 14, 2018 as well as Businesswire.com‘s news article titled: “Stamps.com First Quarter 2018 Financial Results Call Invitation” with publication date: April 25, 2018.

Stamps.com Inc. (NASDAQ:STMP) Ratings Coverage

Among 5 analysts covering Stampscom (NASDAQ:STMP), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Stampscom had 9 analyst reports since November 20, 2017 according to SRatingsIntel. FBR Capital maintained it with “Buy” rating and $250.0 target in Friday, February 9 report. Craig Hallum maintained the stock with “Buy” rating in Monday, April 23 report. As per Thursday, February 22, the company rating was maintained by Craig Hallum. The rating was maintained by B. Riley & Co with “Buy” on Thursday, February 22. The firm has “Buy” rating by FBR Capital given on Friday, December 1. The stock of Stamps.com Inc. (NASDAQ:STMP) has “Buy” rating given on Friday, May 4 by Craig Hallum. The company was maintained on Thursday, February 22 by Roth Capital. Northland Capital maintained the stock with “Buy” rating in Monday, November 20 report. FBR Capital maintained Stamps.com Inc. (NASDAQ:STMP) on Thursday, February 22 with “Buy” rating.

Stamps.com Inc. (NASDAQ:STMP) Institutional Positions Chart

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