Marlowe Partners unloaded all of its stake in eBay Inc (NASDAQ:EBAY) in the third quarter, selling 332,600 shares of the online auction company. In the second quarter, Marlowe Partners had 332,600 shares of eBay, which had a total value of $7.78 million. The stock returned 40.5% in the third quarter. At the end of the second quarter, a total of 58 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 2% from the first quarter of 2016. Iridian Asset Management held the most valuable stake in eBay Inc (NASDAQ:EBAY), which was worth $272.3 millions at the end of the second quarter. On the second spot was AQR Capital Management which amassed $267.1 million worth of shares. Moreover, D E Shaw, Generation Investment Management, and Platinum Asset Management were also bullish on eBay Inc (NASDAQ:EBAY).
Marlowe Partners sold 30% of its stake in Priceline.com Inc (NASDAQ:PCLN) in the third quarter, ending the period with 3,713 shares of the company which had a value of $5.46 million. The stock returned 17.9% during the third quarter. At Q2’s end, a total of 85 of the hedge funds tracked by Insider Monkey were long this stock, down by 2% from one quarter earlier. The largest stake in Priceline.com Inc (NASDAQ:PCLN) was held by Lone Pine Capital, which reported holding $1.39 billion worth of stock as of the end of June. It was followed by Tiger Global Management LLC with a $936.3 million position. Other investors bullish on the company included Citadel Investment Group, Maverick Capital, and Egerton Capital Limited.