WINTON GROUP Ltd Sells 470,847 Shares of Mobileye Global Inc. $MBLY

WINTON GROUP Ltd lessened its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 78.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 132,153 shares of the company’s stock after selling 470,847 shares during the quarter. WINTON GROUP Ltd’s holdings in Mobileye Global were worth $1,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Wyoming raised its holdings in Mobileye Global by 16.0% during the 4th quarter. State of Wyoming now owns 27,612 shares of the company’s stock valued at $288,000 after buying an additional 3,811 shares during the last quarter. Cibc World Market Inc. purchased a new stake in Mobileye Global during the 4th quarter valued at $1,703,000. Viawealth LLC bought a new stake in Mobileye Global in the 4th quarter worth $118,000. Northwestern Mutual Wealth Management Co. grew its holdings in Mobileye Global by 45.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,694 shares of the company’s stock worth $91,000 after acquiring an additional 2,737 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Mobileye Global in the fourth quarter valued at about $1,043,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 2.3%

Shares of MBLY opened at $9.69 on Tuesday. Mobileye Global Inc. has a 1-year low of $6.47 and a 1-year high of $20.18. The firm’s 50-day moving average price is $8.83 and its 200-day moving average price is $9.47. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of -1.92 and a beta of 1.15.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The company had revenue of $558.00 million during the quarter, compared to the consensus estimate of $519.34 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Mobileye Global’s revenue was up 27.4% on a year-over-year basis. On average, research analysts forecast that Mobileye Global Inc. will post -0.07 EPS for the current fiscal year.

Mobileye Global declared that its board has approved a share buyback plan on Thursday, April 23rd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a research note on Monday, April 27th. TD Cowen boosted their price target on Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a report on Friday, April 24th. BNP Paribas Exane lowered their price target on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Zacks Research upgraded Mobileye Global from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Mizuho lifted their price objective on Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.77.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.