JPMorgan Chase & Co. Grows Stock Position in E2open Parent Holdings, Inc. (NYSE:ETWO)

JPMorgan Chase & Co. increased its holdings in shares of E2open Parent Holdings, Inc. (NYSE:ETWO - Free Report) by 593.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,960,030 shares of the company's stock after acquiring an additional 1,677,336 shares during the period. JPMorgan Chase & Co. owned approximately 0.57% of E2open Parent worth $8,644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETWO. Empowered Funds LLC raised its position in E2open Parent by 41.4% in the 3rd quarter. Empowered Funds LLC now owns 1,018,005 shares of the company's stock worth $4,489,000 after buying an additional 297,898 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in E2open Parent by 25.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,737,055 shares of the company's stock worth $7,660,000 after buying an additional 349,951 shares in the last quarter. Sea Cliff Partners Management LP raised its stake in E2open Parent by 14.1% during the 2nd quarter. Sea Cliff Partners Management LP now owns 4,309,717 shares of the company's stock valued at $19,351,000 after purchasing an additional 531,493 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of E2open Parent by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,801,601 shares of the company's stock worth $30,537,000 after acquiring an additional 1,272,370 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in E2open Parent by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,736,328 shares of the company's stock valued at $20,892,000 after acquiring an additional 759,398 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ETWO shares. Loop Capital reduced their target price on E2open Parent from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Monday, December 23rd. Morgan Stanley decreased their price target on shares of E2open Parent from $4.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group cut shares of E2open Parent from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $3.50 to $2.90 in a research note on Wednesday, December 11th.

E2open Parent Trading Up 2.0 %

ETWO stock traded up $0.05 during midday trading on Tuesday, reaching $2.60. The company's stock had a trading volume of 1,791,593 shares, compared to its average volume of 1,599,245. The firm has a market capitalization of $890.94 million, a price-to-earnings ratio of -1.01, a PEG ratio of 1.16 and a beta of 1.00. E2open Parent Holdings, Inc. has a 1 year low of $2.50 and a 1 year high of $5.07. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day simple moving average of $2.94 and a two-hundred day simple moving average of $3.68.

E2open Parent (NYSE:ETWO - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). E2open Parent had a positive return on equity of 3.92% and a negative net margin of 125.70%. On average, equities research analysts predict that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

E2open Parent 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.