Dimensional Fund Advisors LP Has $19.50 Million Stock Holdings in Mobileye Global Inc. $MBLY

Key Points

• Dimensional Fund Advisors reduced its Mobileye stake by 4.6% in the first quarter, selling 138,367 shares, but still held 2.84 million shares valued at approximately $19.5 million. Institutional investors and hedge funds own 13.25% of Mobileye.
• Mobileye exceeded quarterly expectations, reporting $0.19 in adjusted EPS versus a $0.06 consensus estimate and revenue of $508 million versus $480.5 million expected. The company also authorized a $250 million share buyback, covering up to 3.8% of outstanding shares.
• Analyst sentiment remains mixed: Mobileye has an overall “Hold” consensus rating and a $12.64 average price target, while its shares recently traded at $8.73. Recent price-target reductions were partly offset by upgrades, including Zacks Research’s “Strong Buy” rating.

Dimensional Fund Advisors LP reduced its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,838,520 shares of the company's stock after selling 138,367 shares during the quarter. Dimensional Fund Advisors LP owned about 0.34% of Mobileye Global worth $19,495,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Investments LP boosted its position in shares of Mobileye Global by 131.9% in the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company's stock valued at $61,898,000 after acquiring an additional 2,493,181 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Mobileye Global by 24.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company's stock worth $24,634,000 after acquiring an additional 705,400 shares during the period. Engineers Gate Manager LP increased its position in Mobileye Global by 140.9% during the fourth quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company's stock worth $37,348,000 after acquiring an additional 2,092,250 shares during the period. DNB Asset Management AS raised its stake in Mobileye Global by 23.1% in the 4th quarter. DNB Asset Management AS now owns 3,506,480 shares of the company's stock worth $36,608,000 after purchasing an additional 658,585 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Mobileye Global by 65.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company's stock valued at $43,286,000 after purchasing an additional 1,213,448 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Up 3.7%

NASDAQ:MBLY opened at $8.73 on Friday. The stock's 50-day moving average is $9.01 and its 200-day moving average is $8.80. Mobileye Global Inc. has a 1-year low of $6.47 and a 1-year high of $15.81. The stock has a market cap of $7.33 billion, a P/E ratio of -1.75, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The business had revenue of $508.00 million for the quarter, compared to the consensus estimate of $480.51 million. During the same period last year, the company earned ($0.08) EPS. The firm's revenue was up .4% compared to the same quarter last year. As a group, equities analysts forecast that Mobileye Global Inc. will post 0.11 EPS for the current year.

Mobileye Global declared that its board has initiated a share buyback plan on Thursday, April 23rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, Director Frank D. Yeary acquired 12,360 shares of Mobileye Global stock in a transaction dated Thursday, July 30th. The shares were bought at an average cost of $7.98 per share, with a total value of $98,632.80. Following the purchase, the director owned 12,360 shares in the company, valued at $98,632.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

MBLY has been the subject of a number of analyst reports. Canaccord Genuity Group dropped their price target on shares of Mobileye Global from $17.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Tigress Financial dropped their price objective on Mobileye Global from $25.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Berenberg Bank downgraded Mobileye Global from a "buy" rating to a "hold" rating and set a $10.80 target price for the company. in a research report on Thursday, May 21st. Zacks Research raised Mobileye Global from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Finally, Mizuho decreased their price target on Mobileye Global from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.64.

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.

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