Cliff Asness: Education, Papers, Wife, Net Worth

4. eBay Inc (NASDAQ:EBAY)

AQR also boosted its exposure to eBay Inc (NASDAQ:EBAY) by over 50% during the second quarter and disclosed a $660.77 million stake containing 18.92 million shares in its latest 13F filing. eBay Inc (NASDAQ:EBAY) stock has gained almost 28% since the beginning of the year, even though it took a couple of hits. In April, the company reported better-than-expected results for the first quarter, but provided a soft guidance, while in July, it posted second-quarter EPS of $0.45, which were in line with the consensus estimate, while revenue of $2.33 billion was only slightly better than expected. The in-line results concerned investors about a slow activity growth, which sent the stock lower right after the results. Meanwhile, investors in our database seem to be losing interest in eBay Inc (NASDAQ:EBAY), as the number of funds long the stock declined by two to 53 during the second quarter, while three months earlier, the same figure had slid by nine from 64 funds that held shares at the end of 2016.