Qualcomm, eBay Inc, and More: Billionaire Rosenstein’s First Quarter Report Card and New Activist Campaign

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eBay Inc (NASDAQ:EBAY) is another significant position in JANA Partner’s holdings. As of December 31, 2014, the firm held 13.45 million shares of eBay Inc (NASDAQ:EBAY) valued at $754.86 million, a 3% increase compared to the number of shares disclosed as being held at the end of the third quarter. eBay Inc (NASDAQ:EBAY) finally decided to split off its Paypal division last fall after lengthy efforts by fellow activist investor Carl Icahn. The stock steadily rose after news of the spinoff reached the market, and has hovered near its 52 week high of $61 for the past month. Shares of the e-commerce company gained 2.7% during the first quarter of 2015.

Hertz Global Holdings, Inc. (NYSE:HTZ) was another contributor to JANA Partner’s volatile start to 2015. Shares of the car rental company fell 13% over the first quarter after accounting issues came to light. Rosenstein has however claimed that the car rental company could buy back as much as 20% of its shares to boost its stock price. JANA Partner’s position in Hertz Global Holdings, Inc. (NYSE:HTZ) was increased by 218% during the fourth quarter. As of the end of 2014, the firm held 34.82 million shares at a valued at $868.42 million. Other notable investors associated with Hertz Global Holdings, Inc. (NYSE:HTZ) include billionaire Larry Robbins and Karthik Sarma’s SRS Investment Management. Click here for more on Rosenstein’s moves this past quarter.

Disclosure: None

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