Virtu Financial LLC Purchases Shares of 85,714 Mobileye Global Inc. $MBLY

Virtu Financial LLC acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 85,714 shares of the company’s stock, valued at approximately $895,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MBLY. Vident Advisory LLC increased its holdings in shares of Mobileye Global by 21.9% during the 4th quarter. Vident Advisory LLC now owns 32,632 shares of the company’s stock valued at $341,000 after purchasing an additional 5,873 shares in the last quarter. Beacon Pointe Advisors LLC boosted its holdings in Mobileye Global by 21.6% during the fourth quarter. Beacon Pointe Advisors LLC now owns 77,867 shares of the company’s stock worth $813,000 after buying an additional 13,843 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Mobileye Global during the fourth quarter worth $129,000. XTX Topco Ltd grew its position in Mobileye Global by 35.4% during the fourth quarter. XTX Topco Ltd now owns 39,672 shares of the company’s stock valued at $414,000 after buying an additional 10,364 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in Mobileye Global during the fourth quarter valued at $277,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $8.46 on Monday. The stock has a market capitalization of $7.12 billion, a PE ratio of -1.68 and a beta of 1.15. Mobileye Global Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $20.18. The company has a fifty day moving average of $9.19 and a two-hundred day moving average of $9.33.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $558.00 million for the quarter, compared to analyst estimates of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. Research analysts forecast that Mobileye Global Inc. will post -0.09 earnings per share for the current year.

Mobileye Global announced that its board has approved a stock buyback program on Thursday, April 23rd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of Mobileye Global from $24.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. The Goldman Sachs Group lifted their price target on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a report on Monday, April 27th. Finally, Barclays lowered their price target on Mobileye Global from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.77.

Mobileye Global Company 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.