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

WINTON GROUP Ltd increased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 185.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,700 shares of the company’s stock after acquiring an additional 96,000 shares during the quarter. WINTON GROUP Ltd’s holdings in Mobileye Global were worth $1,430,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MBLY. BCGM Wealth Management LLC raised its stake in shares of Mobileye Global by 56.7% during the first quarter. BCGM Wealth Management LLC now owns 368,763 shares of the company’s stock worth $2,533,000 after buying an additional 133,471 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Mobileye Global by 24.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after acquiring an additional 705,400 shares during the last quarter. Bank of America Corp DE boosted its stake in Mobileye Global by 5.8% in the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock valued at $13,991,000 after acquiring an additional 111,215 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Mobileye Global during the 2nd quarter worth $23,423,000. Finally, Royal Bank of Canada grew its holdings in Mobileye Global by 129.6% during the 1st quarter. Royal Bank of Canada now owns 224,315 shares of the company’s stock worth $1,541,000 after acquiring an additional 126,634 shares during the period. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY opened at $8.25 on Friday. The business’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $8.66. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $15.81. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of -1.65, a P/E/G ratio of 2.71 and a beta of 1.22.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.13. The company 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%.Mobileye Global’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. Sell-side analysts anticipate that Mobileye Global Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Activity at Mobileye Global

In other news, Director Frank Yeary purchased 12,360 shares of Mobileye Global stock in a transaction on Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, with a total value of $98,632.80. Following the transaction, the director directly owned 12,360 shares in the company, valued at $98,632.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were acquired 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 directly owned 84,336 shares in the company, valued at approximately $713,482.56. This represents a 16.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

MBLY has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on Mobileye Global in a research note on Monday, May 18th. They issued an “underperform” rating and a $8.00 price target on the stock. Berenberg Bank raised Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Monday, August 17th. Royal Bank Of Canada reduced their target price on Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Weiss Ratings upgraded Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. Finally, TD Cowen lowered their price target on Mobileye Global from $11.50 to $9.00 and set a “buy” rating for the company 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Mobileye Global has a consensus rating of “Hold” and an average price target of $12.16.

Mobileye Global Company 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.