JPMorgan Chase & Co. Purchases 251,072 Shares of Mobileye Global Inc. $MBLY

Key Points

• JPMorgan Chase & Co. boosted its Mobileye stake by 57.6% in Q3, buying 251,072 shares to hold 686,976 shares (about 0.08% of the company) worth roughly $9.7 million.
• Analyst sentiment is mixed: MarketBeat's consensus is a Hold with an average target of $15.89, but several firms have recently downgraded the stock and trimmed price targets.
• Mobileye is trading near its one‑year low (~$8.01) with a $6.74 billion market cap, reported Q earnings that met EPS estimates ($0.06) but showed revenue down 9% year‑over‑year and a negative net margin.

JPMorgan Chase & Co. raised its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 57.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 686,976 shares of the company's stock after purchasing an additional 251,072 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of Mobileye Global worth $9,700,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MBLY. Mason & Associates Inc bought a new stake in shares of Mobileye Global during the third quarter valued at approximately $217,000. Caisse Des Depots ET Consignations bought a new position in Mobileye Global in the 3rd quarter valued at approximately $716,000. Skylands Capital LLC lifted its position in Mobileye Global by 861.0% in the 3rd quarter. Skylands Capital LLC now owns 233,050 shares of the company's stock valued at $3,291,000 after acquiring an additional 208,800 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Mobileye Global by 80.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 50,986 shares of the company's stock valued at $720,000 after purchasing an additional 22,663 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Mobileye Global by 94.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 21,032 shares of the company's stock worth $291,000 after purchasing an additional 10,221 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wolfe Research downgraded Mobileye Global from an "outperform" rating to a "peer perform" rating in a report on Monday, January 12th. Wall Street Zen downgraded Mobileye Global from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of Mobileye Global in a research report on Wednesday, January 28th. Zacks Research cut shares of Mobileye Global from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 27th. Finally, Needham & Company LLC reduced their price target on shares of Mobileye Global from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and an average target price of $15.89.

Mobileye Global Stock Performance

Mobileye Global stock opened at $8.01 on Friday. Mobileye Global Inc. has a one year low of $7.93 and a one year high of $20.18. The stock has a fifty day moving average of $9.75 and a 200 day moving average of $11.91. The stock has a market cap of $6.74 billion, a PE ratio of -16.35 and a beta of 0.59.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The business had revenue of $446.00 million during the quarter, compared to the consensus estimate of $430.69 million. During the same period in the previous year, the company posted $0.13 EPS. The business's quarterly revenue was down 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

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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