Mobileye Global Inc. $MBLY Holdings Cut by Intellectus Partners LLC

Intellectus Partners LLC reduced its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 26.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,090 shares of the company’s stock after selling 49,458 shares during the quarter. Intellectus Partners LLC’s holdings in Mobileye Global were worth $1,473,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBLY. IFP Advisors Inc lifted its holdings in Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Mobileye Global in the first quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Mobileye Global in the 2nd quarter worth approximately $31,000. Financial Management Professionals Inc. acquired a new stake in Mobileye Global during the 4th quarter valued at $32,000. Finally, Leonteq Securities AG acquired a new position in Mobileye Global in the fourth quarter worth $33,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $10.74 on Thursday. The business’s 50-day simple moving average is $8.65 and its 200-day simple moving average is $9.51. Mobileye Global Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $20.18. The stock has a market capitalization of $9.04 billion, a PE ratio of -2.13 and a beta of 1.15.

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

Mobileye Global declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

MBLY has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research report on Monday, April 27th. TD Cowen raised their price objective on shares of Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group upped their target price on shares of Mobileye Global from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Barclays reduced 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. Finally, Wall Street Zen raised Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.77.

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.