Quantbot Technologies LP Makes New Investment in Mobileye Global Inc. $MBLY

Key Points

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Quantbot Technologies LP acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 304,004 shares of the company's stock, valued at approximately $4,376,000.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in Mobileye Global during the first quarter worth approximately $27,000. Ancora Advisors LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $40,000. PNC Financial Services Group Inc. raised its position in shares of Mobileye Global by 1,799.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock valued at $84,000 after buying an additional 5,543 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Mobileye Global by 108.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock valued at $87,000 after buying an additional 3,149 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $206,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MBLY. The Goldman Sachs Group downgraded shares of Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price target for the company. in a research report on Monday, June 9th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of Mobileye Global in a research report on Friday, July 25th. Robert W. Baird dropped their price target on shares of Mobileye Global from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Royal Bank Of Canada lifted their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 29th. Finally, UBS Group lifted their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $19.67.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $14.30 on Tuesday. The firm's fifty day moving average price is $15.87 and its two-hundred day moving average price is $15.51. The stock has a market cap of $11.66 billion, a PE ratio of -3.92, a PEG ratio of 9.18 and a beta of 0.52. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $506.00 million for the quarter, compared to analysts' expectations of $466.42 million. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, sell-side analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the transaction, the insider owned 50,000,000 shares in the company, valued at $802,500,000. The trade was a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.

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