Tekne Capital Management LLC Decreased Its Position in Stamps Com INC (STMP) by $8.24 Million

January 20, 2018 - By Marry Poplack

Investors sentiment is 1.01 in Q3 2017. Its the same as in 2017Q2. It is the same, as 26 investors sold STMP shares while 92 reduced holdings. only 60 funds opened positions while 59 raised stakes. 16.25 million shares or 8.57% less from 17.77 million shares in 2017Q2 were reported. S&Co owns 0.06% invested in Stamps.com Inc. (NASDAQ:STMP) for 2,160 shares. Marble Harbor Invest Counsel holds 0.04% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 1,000 shares. Mason Street Advisors Limited Company owns 3,983 shares. Tekne Management Ltd Liability has 162,064 shares. Blackrock accumulated 1.90 million shares. Public Employees Retirement Association Of Colorado holds 3,114 shares. G2 Investment Prns Mgmt Ltd Liability Com reported 3.68% stake. Caxton Assocs Ltd Partnership stated it has 1,300 shares. Cornerstone Cap Mngmt Holding Lc invested in 0.01% or 3,500 shares. Fred Alger Mngmt reported 283,056 shares or 0.27% of all its holdings. The Japan-based Asset Mgmt One has invested 0.01% in Stamps.com Inc. (NASDAQ:STMP). 77,749 are owned by Wellington Gp Llp. Louisiana State Employees Retirement Systems has 0.06% invested in Stamps.com Inc. (NASDAQ:STMP) for 6,400 shares. Maryland-based Proshare Advisors Limited Com has invested 0% in Stamps.com Inc. (NASDAQ:STMP). Ny State Common Retirement Fund reported 32,784 shares stake.

Since July 31, 2017, it had 0 insider buys, and 25 sales for $118.44 million activity. Khechfe Amine also sold $243,480 worth of Stamps.com Inc. (NASDAQ:STMP) shares. $5.45M worth of Stamps.com Inc. (NASDAQ:STMP) was sold by MILLER LLOYD I III. 59,583 Stamps.com Inc. (NASDAQ:STMP) shares with value of $13.41 million were sold by Carberry Jeffrey. Buerba Sebastian had sold 44,255 shares worth $8.50M on Monday, September 11. Shares for $1.48 million were sold by MCBRIDE KENNETH THOMAS on Monday, December 18. Biswas Michael John had sold 37,500 shares worth $7.89 million.

Beeneet Kothari decreased its stake in Stamps Com Inc (STMP) by 20.12% based on its latest 2017Q3 regulatory filing with the SEC. Tekne Capital Management Llc sold 40,811 shares as the company’s stock declined 8.10% while stock markets rallied. The hedge fund run by Beeneet Kothari held 162,064 shares of the business services company at the end of 2017Q3, valued at $32.84 million, down from 202,875 at the end of the previous reported quarter. Tekne Capital Management Llc who had been investing in Stamps Com Inc for a number of months, seems to be less bullish one the $3.45 billion market cap company. The stock increased 0.95% or $1.85 during the last trading session, reaching $197.25. About 212,599 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 54.88% since January 20, 2017 and is uptrending. It has outperformed by 38.18% the S&P500.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on February, 22. They expect $2.14 earnings per share, down 13.71 % or $0.34 from last year’s $2.48 per share. STMP’s profit will be $37.41 million for 23.04 P/E if the $2.14 EPS becomes a reality. After $2.57 actual earnings per share reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -16.73 % negative EPS growth.

More news for Stamps.com Inc. (NASDAQ:STMP) were recently published by: Streetinsider.com, which released: “Form SC 13G/A STAMPS.COM INC Filed by: BlackRock Inc.” on January 19, 2018. Fool.com‘s article titled: “Why Stamps.com Stock Gained 64% in 2017” and published on January 11, 2018 is yet another important article.

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

Among 9 analysts covering Stamps.com (NASDAQ:STMP), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Stamps.com has $250.0 highest and $15 lowest target. $183.13’s average target is -7.16% below currents $197.25 stock price. Stamps.com had 25 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Stamps.com Inc. (NASDAQ:STMP) earned “Neutral” rating by Sidoti on Monday, November 9. The firm has “Buy” rating by Singular Research given on Monday, October 19. The company was maintained on Monday, November 9 by Singular Research. The firm has “Buy” rating given on Sunday, October 29 by Roth Capital. Northland Capital maintained Stamps.com Inc. (NASDAQ:STMP) on Friday, November 6 with “Outperform” rating. The stock has “Buy” rating by Roth Capital on Friday, July 28. The rating was maintained by Craig Hallum with “Buy” on Thursday, August 3. B. Riley & Co upgraded Stamps.com Inc. (NASDAQ:STMP) on Friday, November 6 to “Buy” rating. The company was maintained on Monday, October 23 by Roth Capital. Craig Hallum maintained it with “Buy” rating and $230.0 target in Friday, August 25 report.

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