Here is What Hedge Funds Think About Stamps.com Inc. (STMP)

Consequently, key hedge funds were breaking ground themselves. Jericho Capital Asset Management, assembled the largest position in Stamps.com Inc. (NASDAQ:STMP). Jericho Capital Asset Management had $43.7 million invested in the company at the end of the quarter. Francis Cueto’s Asturias Capital also made a $15.3 million investment in the stock during the quarter. The following funds were also among the new STMP investors: Eduardo Costa’s Calixto Global Investors, Beeneet Kothari’s Tekne Capital Management, and Joseph A. Jolson’s Harvest Capital Strategies.

Let’s also examine hedge fund activity in other stocks similar to Stamps.com Inc. (NASDAQ:STMP). We will take a look at Smith & Wesson Holding Corporation (NASDAQ:SWHC), Halyard Health Inc (NYSE:HYH), HubSpot Inc (NYSE:HUBS), and Proto Labs Inc (NYSE:PRLB). This group of stocks’ market caps resemble STMP’s market cap.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $121 million. That figure was $415 million in STMP’s case. HubSpot Inc (NYSE:HUBS) is the most popular stock in this table. On the other hand Proto Labs Inc (NYSE:PRLB) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Stamps.com Inc. (NASDAQ:STMP) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None