Destination Wealth Management Raised Holding in Qualcomm (QCOM); Disciplined Growth Investors Has Lowered Position in Stamps Com Com New (STMP) as Stock Rose

April 23, 2018 - By Clifton Ray

Stamps.com Inc. (NASDAQ:STMP) Logo

Destination Wealth Management increased its stake in Qualcomm Inc (QCOM) by 5.08% based on its latest 2017Q4 regulatory filing with the SEC. Destination Wealth Management bought 9,799 shares as the company’s stock declined 15.28% with the market. The institutional investor held 202,869 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $12.99 million, up from 193,070 at the end of the previous reported quarter. Destination Wealth Management who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $76.15B market cap company. The stock decreased 2.15% or $1.13 during the last trading session, reaching $51.44. About 10.81M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 3.21% since April 23, 2017 and is downtrending. It has underperformed by 14.76% the S&P500.

Disciplined Growth Investors Inc decreased its stake in Stamps Com Inc Com New (STMP) by 0.54% based on its latest 2017Q4 regulatory filing with the SEC. Disciplined Growth Investors Inc sold 1,793 shares as the company’s stock rose 7.45% while stock markets declined. The institutional investor held 329,189 shares of the business services company at the end of 2017Q4, valued at $61.89M, down from 330,982 at the end of the previous reported quarter. Disciplined Growth Investors Inc who had been investing in Stamps Com Inc Com New for a number of months, seems to be less bullish one the $3.81 billion market cap company. The stock decreased 2.21% or $4.9 during the last trading session, reaching $216.75. About 193,765 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 69.91% since April 23, 2017 and is uptrending. It has outperformed by 58.36% the S&P500.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.20, from 1.01 in 2017Q3. It is positive, 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. Sg Americas Limited Liability Co accumulated 2,650 shares or 0% of the stock. Voya Investment Management Limited Liability Company holds 0% or 11,849 shares. Moreover, Ftb has 0% invested in Stamps.com Inc. (NASDAQ:STMP). Redmond Asset Management Lc has invested 0.33% in Stamps.com Inc. (NASDAQ:STMP). Gabelli Funds Llc holds 19,000 shares or 0.02% of its portfolio. Jpmorgan Chase & Company invested in 0% or 111,440 shares. Meeder Asset stated it has 71 shares. First Personal Fincl Svcs owns 36 shares or 0% of their US portfolio. Hbk Investments Ltd Partnership accumulated 12,400 shares. Pacad Investment Limited reported 0.04% in Stamps.com Inc. (NASDAQ:STMP). Louisiana State Employees Retirement holds 0.06% or 7,000 shares in its portfolio. Aperio Lc has invested 0.01% in Stamps.com Inc. (NASDAQ:STMP). Moreover, Light Street Cap Ltd Llc has 6.1% invested in Stamps.com Inc. (NASDAQ:STMP). National Bank & Trust Of New York Mellon invested 0.01% in Stamps.com Inc. (NASDAQ:STMP). Cim Llc invested 0.21% of its portfolio in Stamps.com Inc. (NASDAQ:STMP).

Disciplined Growth Investors Inc, which manages about $4.06 billion and $5.07 billion US Long portfolio, upped its stake in Akamai Technologies Com (NASDAQ:AKAM) by 13,472 shares to 1.64 million shares, valued at $106.87M in 2017Q4, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 279,752 shares in the quarter, for a total of 420,568 shares, and has risen its stake in Irobot Corp Com (NASDAQ:IRBT).

Since October 24, 2017, it had 0 insider buys, and 17 sales for $43.76 million activity. 43,262 shares were sold by HUEBNER KYLE, worth $8.47M. Buerba Sebastian sold 25,859 shares worth $5.22 million. The insider Clem John Roland sold $2.30M. $1.27 million worth of Stamps.com Inc. (NASDAQ:STMP) shares were sold by MCBRIDE KENNETH THOMAS. $1.88M worth of Stamps.com Inc. (NASDAQ:STMP) shares were sold by Lipson Matthew A.. 1,000 shares valued at $203,183 were sold by ANANDA MOHAN P on Monday, February 26.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on May, 2. They expect $1.66 earnings per share, up 38.33% or $0.46 from last year’s $1.2 per share. STMP’s profit will be $29.16M for 32.64 P/E if the $1.66 EPS becomes a reality. After $4.30 actual earnings per share reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -61.40% negative EPS growth.

Among 9 analysts covering Stamps.com (NASDAQ:STMP), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Stamps.com had 30 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, February 22, the company rating was maintained by B. Riley & Co. Roth Capital maintained the shares of STMP in report on Thursday, February 22 with “Buy” rating. The rating was upgraded by Sidoti to “Buy” on Tuesday, January 12. B Riley maintained Stamps.com Inc. (NASDAQ:STMP) rating on Friday, August 7. B Riley has “Neutral” rating and $80 target. The stock of Stamps.com Inc. (NASDAQ:STMP) earned “Buy” rating by FBR Capital on Thursday, February 22. The firm earned “Buy” rating on Friday, December 1 by FBR Capital. The firm earned “Outperform” rating on Friday, November 6 by Northland Capital. The firm has “Buy” rating by Northland Capital given on Thursday, September 14. The firm has “Buy” rating given on Monday, November 20 by Northland Capital. Singular Research maintained Stamps.com Inc. (NASDAQ:STMP) rating on Monday, February 27. Singular Research has “Buy” rating and $145 target.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.02, from 0.85 in 2017Q3. It dropped, as 89 investors sold QCOM shares while 518 reduced holdings. 160 funds opened positions while 346 raised stakes. 1.11 billion shares or 0.73% more from 1.10 billion shares in 2017Q3 were reported. 1,065 were accumulated by Shine Inv Advisory Svcs. Advisors Cap Mngmt stated it has 2.52% in QUALCOMM Incorporated (NASDAQ:QCOM). Piedmont Advsr Limited Liability holds 0.41% in QUALCOMM Incorporated (NASDAQ:QCOM) or 317,996 shares. Trustmark Fincl Bank Department stated it has 0.31% in QUALCOMM Incorporated (NASDAQ:QCOM). Goodwin Daniel L holds 10,000 shares. Michigan-based Greenleaf Tru has invested 0.03% in QUALCOMM Incorporated (NASDAQ:QCOM). Schulhoff reported 0.51% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Meristem Ltd Liability Partnership accumulated 5,838 shares. Perigon Wealth Mngmt has 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 385 shares. Shelton Cap accumulated 196,817 shares. Southport Ltd Liability Com has invested 2.75% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Kornitzer Capital Mgmt Ks reported 0.51% stake. Parametric Limited Liability Co accumulated 4.11M shares. Smithbridge Asset De stated it has 1.1% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Bokf Na has 61,536 shares.

Destination Wealth Management, which manages about $1.42 billion and $1.65 billion US Long portfolio, decreased its stake in Kimberly Clark Corp (NYSE:KMB) by 5,774 shares to 33,541 shares, valued at $4.05 million in 2017Q4, according to the filing. It also reduced its holding in Schwab Charles Corp New (NYSE:SCHW) by 19,057 shares in the quarter, leaving it with 53,934 shares, and cut its stake in Citigroup Inc (NYSE:C).

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

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