JPMorgan Chase & Co. Has $8.64 Million Stock Holdings in E2open Parent Holdings, Inc. (NYSE:ETWO)

JPMorgan Chase & Co. grew its holdings in E2open Parent Holdings, Inc. (NYSE:ETWO) by 593.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,960,030 shares of the company’s stock after buying an additional 1,677,336 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.57% of E2open Parent worth $8,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of E2open Parent in the second quarter valued at $50,000. MQS Management LLC acquired a new stake in shares of E2open Parent in the third quarter valued at $57,000. Dark Forest Capital Management LP acquired a new stake in shares of E2open Parent in the second quarter valued at $98,000. US Bancorp DE increased its position in E2open Parent by 2,028.3% in the third quarter. US Bancorp DE now owns 37,267 shares of the company’s stock worth $164,000 after purchasing an additional 35,516 shares during the period. Finally, Creative Planning increased its position in E2open Parent by 219.1% in the third quarter. Creative Planning now owns 37,425 shares of the company’s stock worth $165,000 after purchasing an additional 25,698 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ETWO. Morgan Stanley lowered their price objective on E2open Parent from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday. Loop Capital lowered their price objective on E2open Parent from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group lowered E2open Parent from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $3.50 to $2.90 in a research report on Wednesday, December 11th.

E2open Parent Price Performance

E2open Parent stock opened at $2.56 on Tuesday. The firm has a market capitalization of $877.23 million, a P/E ratio of -1.00, 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 business has a 50-day moving average of $2.95 and a 200-day moving average of $3.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67.

E2open Parent (NYSE:ETWO) last posted its earnings results on Friday, January 10th. The company reported $0.05 earnings per share (EPS) 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 analysts anticipate that E2open Parent Holdings, Inc. will post 0.19 EPS for the current year.

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.