AQR Capital Management LLC Sells 109,744 Shares of E2open Parent Holdings, Inc. (NYSE:ETWO)

AQR Capital Management LLC trimmed its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO) by 69.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 48,879 shares of the company’s stock after selling 109,744 shares during the period. AQR Capital Management LLC’s holdings in E2open Parent were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of E2open Parent by 12.9% during the first quarter. Vanguard Group Inc. now owns 24,775,004 shares of the company’s stock valued at $110,001,000 after buying an additional 2,823,090 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of E2open Parent during the 2nd quarter valued at about $31,460,000. Dimensional Fund Advisors LP increased its holdings in E2open Parent by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company’s stock valued at $30,537,000 after buying an additional 1,272,370 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in E2open Parent in the 1st quarter worth $7,045,000. Finally, Bank of New York Mellon Corp lifted its position in shares of E2open Parent by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 798,741 shares of the company’s stock valued at $3,586,000 after buying an additional 55,315 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group dropped their price objective on E2open Parent from $4.50 to $4.20 and set a “neutral” rating for the company in a research note on Thursday, July 11th. The Goldman Sachs Group decreased their price target on E2open Parent from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Friday, October 11th.

E2open Parent Price Performance

NYSE ETWO opened at $3.20 on Friday. E2open Parent Holdings, Inc. has a 52-week low of $2.77 and a 52-week high of $5.07. The firm’s 50 day moving average price is $4.13 and its 200-day moving average price is $4.37. The company has a market cap of $1.09 billion, a PE ratio of -1.23, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.00.

E2open Parent Company Profile

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.