WINTON GROUP Ltd Acquires 96,000 Shares of Mobileye Global Inc. $MBLY

WINTON GROUP Ltd raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 185.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,700 shares of the company’s stock after purchasing an additional 96,000 shares during the quarter. WINTON GROUP Ltd’s holdings in Mobileye Global were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mobileye Global during the 2nd quarter worth approximately $31,000. IFP Advisors Inc grew its position in Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after acquiring an additional 1,495 shares during the period. Rhumbline Advisers acquired a new position in Mobileye Global during the first quarter worth $27,000. Leonteq Securities AG acquired a new position in Mobileye Global during the fourth quarter worth $33,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Mobileye Global by 8,500.0% during the third quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock valued at $45,000 after acquiring an additional 3,145 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Frank Yeary acquired 12,360 shares of the stock in a transaction on Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the transaction, the director owned 12,360 shares of the company’s stock, valued at $98,632.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $8.46 per share, with a total value of $100,174.86. Following the completion of the purchase, the director owned 84,336 shares of the company’s stock, valued at approximately $713,482.56. The trade was a 16.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 10.00% of the company’s stock.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $8.25 on Friday. The stock’s fifty day moving average is $8.73 and its 200-day moving average is $8.66. The stock has a market capitalization of $6.93 billion, a PE ratio of -1.65, a PEG ratio of 2.71 and a beta of 1.22. Mobileye Global Inc. has a 52 week low of $6.47 and a 52 week high of $15.81.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. The business had revenue of $508.00 million during the quarter, compared to analysts’ expectations of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) earnings per share. As a group, analysts forecast that Mobileye Global Inc. will post 0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MBLY shares. Canaccord Genuity Group lowered their target price on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Zacks Research downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Weiss Ratings upgraded shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. Finally, Mizuho decreased their price objective on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.16.

Mobileye Global Profile

Mobileye Global Inc is a technology company that develops advanced driver-assistance systems (ADAS) and autonomous driving solutions for vehicle manufacturers and mobility providers. Its technologies use computer vision, artificial intelligence, mapping and sensor systems to help vehicles detect road conditions, identify hazards and support safer driving.

The company’s product portfolio includes EyeQ system-on-chip platforms, camera-based safety features such as automatic emergency braking and lane-keeping assistance, and more advanced systems marketed under names including Mobileye SuperVision and Mobileye Drive.