Mobileye Global Inc. $MBLY Shares Purchased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its stake in Mobileye Global (NASDAQ:MBLY) by 57.6% in Q3 to 686,976 shares—adding 251,072 shares and representing roughly 0.08% of the company, worth about $9.7 million at the reporting period end.
• Mobileye reported $0.06 EPS (in line with estimates) and $446 million in revenue (above consensus) but revenue was down 9% year‑over‑year and net margin is negative 20.7%; the stock trades near a 12‑month low (~$6.73) with a $5.48 billion market cap and a consensus analyst target of $15.89 (average rating: Hold).
• Institutional investors own about 13.25% of MBLY and several funds recently adjusted positions, while analyst sentiment is mixed—JPMorgan upgraded to Neutral with a $13 target amid other upgrades and downgrades across brokerages.

JPMorgan Chase & Co. raised its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 57.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 686,976 shares of the company's stock after acquiring an additional 251,072 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of Mobileye Global worth $9,700,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of Mobileye Global by 10.7% during the 1st quarter. NewEdge Advisors LLC now owns 31,228 shares of the company's stock valued at $450,000 after purchasing an additional 3,019 shares in the last quarter. Rhumbline Advisers purchased a new stake in Mobileye Global during the first quarter worth $27,000. Geode Capital Management LLC boosted its holdings in Mobileye Global by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,268,449 shares of the company's stock worth $22,812,000 after buying an additional 5,340 shares in the last quarter. Creative Planning grew its position in Mobileye Global by 10.2% during the second quarter. Creative Planning now owns 18,316 shares of the company's stock valued at $329,000 after buying an additional 1,693 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Mobileye Global during the second quarter valued at $351,000. Hedge funds and other institutional investors own 13.25% of the company's stock.

Mobileye Global Trading Down 1.3%

MBLY stock opened at $6.73 on Friday. Mobileye Global Inc. has a 12-month low of $6.68 and a 12-month high of $20.18. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of -13.73 and a beta of 0.59. The business's 50-day moving average is $8.68 and its 200 day moving average is $11.20.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $430.69 million. During the same quarter last year, the business posted $0.13 earnings per share. The business's quarterly revenue was down 9.0% compared to the same quarter last year. As a group, equities analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MBLY. Zacks Research downgraded shares of Mobileye Global from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 27th. Morgan Stanley reduced their price target on Mobileye Global from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Friday, January 23rd. JPMorgan Chase & Co. raised Mobileye Global from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $12.00 to $13.00 in a report on Tuesday, January 6th. Wolfe Research cut Mobileye Global from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 12th. Finally, Wall Street Zen lowered Mobileye Global from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. 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 company. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and a consensus target price of $15.89.

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.

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