Virtu Financial LLC Invests $895,000 in Mobileye Global Inc. $MBLY

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

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Mobileye Global during the 2nd quarter worth $31,000. IFP Advisors Inc grew its holdings in shares of Mobileye Global by 465.7% during the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after buying an additional 1,495 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the first quarter valued at about $27,000. Financial Management Professionals Inc. acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $32,000. Finally, Leonteq Securities AG purchased a new position in shares of Mobileye Global in the fourth quarter worth about $33,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Price Performance

NASDAQ MBLY opened at $8.46 on Monday. Mobileye Global Inc. has a 52 week low of $6.47 and a 52 week high of $20.18. The business’s fifty day simple moving average is $9.19 and its 200-day simple moving average is $9.33. The firm has a market cap of $7.12 billion, a PE ratio of -1.68 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, beating the consensus estimate of $0.09 by $0.03. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The firm had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $519.34 million. During the same quarter in the previous year, the company posted $0.08 EPS. The company’s revenue was up 27.4% compared to the same quarter last year. Research analysts expect that Mobileye Global Inc. will post -0.09 EPS for the current year.

Mobileye Global declared that its board has authorized a stock repurchase plan on Thursday, April 23rd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MBLY shares. The Goldman Sachs Group boosted their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. BNP Paribas Exane decreased their target price on shares of Mobileye Global from $11.50 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a report on Monday, April 27th. Finally, UBS Group upped their price target on Mobileye Global from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Mobileye Global presently 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.