603,000 Shares in Mobileye Global Inc. $MBLY Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 603,000 shares of the company’s stock, valued at approximately $8,514,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Intel Corp bought a new position in Mobileye Global during the 3rd quarter worth approximately $706,000,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Mobileye Global in the 3rd quarter valued at approximately $40,670,000. DNB Asset Management AS acquired a new stake in shares of Mobileye Global during the 3rd quarter valued at approximately $40,212,000. Vanguard Group Inc. lifted its stake in Mobileye Global by 65.5% during the third quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after purchasing an additional 1,213,448 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Mobileye Global by 124.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,999,090 shares of the company’s stock worth $28,227,000 after purchasing an additional 1,110,123 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MBLY shares. Wolfe Research cut shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Royal Bank Of Canada decreased their price target on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, January 23rd. Barclays raised shares of Mobileye Global from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $17.00 to $16.00 in a research report on Monday, January 5th. Evercore cut their target price on shares of Mobileye Global from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Finally, Needham & Company LLC decreased their target price on Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.89.

Mobileye Global Stock Performance

MBLY stock opened at $8.01 on Monday. Mobileye Global Inc. has a 1 year low of $7.93 and a 1 year high of $20.18. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of -16.35 and a beta of 0.59. The stock’s fifty day moving average is $9.75 and its two-hundred day moving average is $11.88.

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

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.