Y Intercept Hong Kong Ltd Reduces Stock Position in Mobileye Global Inc. $MBLY

Y Intercept Hong Kong Ltd cut its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 77.3% during the 3rd quarter, Holdings Channel reports. The firm owned 40,739 shares of the company’s stock after selling 138,657 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Mobileye Global were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Mobileye Global by 89.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 84,816 shares of the company’s stock worth $1,198,000 after buying an additional 40,150 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Mobileye Global by 124.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,999,090 shares of the company’s stock valued at $28,227,000 after acquiring an additional 1,110,123 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mobileye Global in the third quarter worth $40,670,000. Intel Corp bought a new stake in Mobileye Global in the third quarter valued at $706,000,000. Finally, SG Americas Securities LLC increased its position in Mobileye Global by 21.7% during the 3rd quarter. SG Americas Securities LLC now owns 140,329 shares of the company’s stock valued at $1,981,000 after purchasing an additional 25,008 shares during the period. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $8.73 on Wednesday. The company has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $12.79. Mobileye Global Inc. has a fifty-two week low of $8.40 and a fifty-two week high of $20.18. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of -17.82 and a beta of 0.58.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $446.00 million during the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.Mobileye Global’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MBLY. Mizuho dropped their target price on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. TD Cowen lowered their price objective on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, October 24th. Royal Bank Of Canada cut their price objective on Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, January 23rd. UBS Group decreased their target price on Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Finally, Tigress Financial restated a “buy” rating and issued a $25.00 target price on shares of Mobileye Global in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.89.

Mobileye Global Profile

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.