As Stamps Com INC (STMP) Share Price Rose, Jericho Capital Asset Management LP Has Boosted Holding by $7.39 Million

April 26, 2018 - By Adrian Erickson

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. Amer International Grp Inc holds 0.01% or 12,985 shares in its portfolio. Piedmont Investment Advisors Lc stated it has 0.03% of its portfolio in Stamps.com Inc. (NASDAQ:STMP). Voya Inv Lc holds 0% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 11,849 shares. Bancshares Of America De holds 75,349 shares. Riverhead Cap Mgmt Lc has 0.01% invested in Stamps.com Inc. (NASDAQ:STMP). Meeder Asset Mngmt Incorporated invested 0% of its portfolio in Stamps.com Inc. (NASDAQ:STMP). The Massachusetts-based S&Co Inc has invested 0.05% in Stamps.com Inc. (NASDAQ:STMP). Renaissance Ltd Liability Corp holds 0.01% or 30,500 shares in its portfolio. Balyasny Asset Management Ltd Liability Co holds 0% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 2,250 shares. Great West Life Assurance Can owns 21,350 shares. 5,106 are owned by Metropolitan Life Ins Com Ny. Ubs Asset Mngmt Americas Incorporated stated it has 10,939 shares. Dsam (London) Ltd holds 0.83% or 26,144 shares in its portfolio. Smithfield stated it has 15 shares or 0% of all its holdings. King Luther Mgmt has 17,655 shares.

Since December 18, 2017, it had 0 insider buys, and 17 sales for $43.76 million activity. $8.47 million worth of Stamps.com Inc. (NASDAQ:STMP) shares were sold by HUEBNER KYLE. $6.87 million worth of Stamps.com Inc. (NASDAQ:STMP) was sold by MCBRIDE KENNETH THOMAS. On Thursday, March 1 the insider Khechfe Amine sold $229,620. Buerba Sebastian sold $927,635 worth of stock. $203,183 worth of stock was sold by ANANDA MOHAN P on Monday, February 26.

Josh Resnick increased its stake in Stamps Com Inc (STMP) by 6.95% based on its latest 2017Q4 regulatory filing with the SEC. Jericho Capital Asset Management Lp bought 39,315 shares as the company’s stock rose 7.45% while stock markets declined. The hedge fund run by Josh Resnick held 605,173 shares of the business services company at the end of 2017Q4, valued at $113.77M, up from 565,858 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Stamps Com Inc for a number of months, seems to be bullish on the $3.92 billion market cap company. The stock increased 0.52% or $1.15 during the last trading session, reaching $223.15. About 88,818 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 69.91% since April 26, 2017 and is uptrending. It has outperformed by 58.36% the S&P500.

Jericho Capital Asset Management Lp, which manages about $3.07 billion and $1.92 billion US Long portfolio, decreased its stake in Yandex N V (NASDAQ:YNDX) by 1.18M shares to 1.72M shares, valued at $56.28M in 2017Q4, according to the filing. It also reduced its holding in Asml Holding N V (NASDAQ:ASML) by 18,000 shares in the quarter, leaving it with 158,000 shares, and cut its stake in Universal Display Corp (NASDAQ:OLED).

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 October 29, 2017 according to SRatingsIntel. The rating was maintained by FBR Capital on Thursday, February 22 with “Buy”. The firm has “Buy” rating by FBR Capital given on Friday, December 1. The stock of Stamps.com Inc. (NASDAQ:STMP) earned “Buy” rating by Craig Hallum on Thursday, February 22. On Thursday, February 22 the stock rating was maintained by B. Riley & Co with “Buy”. The stock of Stamps.com Inc. (NASDAQ:STMP) earned “Buy” rating by Craig Hallum on Monday, April 23. On Monday, November 20 the stock rating was maintained by Northland Capital with “Buy”. Roth Capital maintained it with “Buy” rating and $230.0 target in Thursday, February 22 report. The company was maintained on Sunday, October 29 by Roth Capital. The rating was maintained by FBR Capital with “Buy” on Friday, February 9.

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

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