World Asset Management Inc Reduces Position in Mobileye N.V. (NYSE:MBLY)
World Asset Management Inc cut its position in shares of Mobileye N.V. (NYSE:MBLY) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,075 shares of the software maker’s stock after selling 580 shares during the period. World Asset Management Inc’s holdings in Mobileye N.V. were worth $821,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sigma Planning Corp bought a new position in Mobileye N.V. during the first quarter valued at approximately $367,000. DUPONT CAPITAL MANAGEMENT Corp bought a new position in Mobileye N.V. during the first quarter valued at approximately $2,646,000. Chicago Capital Management LLC raised its position in Mobileye N.V. by 390.0% in the second quarter. Chicago Capital Management LLC now owns 196,000 shares of the software maker’s stock valued at $12,309,000 after buying an additional 156,000 shares in the last quarter. WFG Advisors LP raised its position in Mobileye N.V. by 58,750.0% in the first quarter. WFG Advisors LP now owns 2,354 shares of the software maker’s stock valued at $145,000 after buying an additional 2,350 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Mobileye N.V. by 19.8% in the fourth quarter. AQR Capital Management LLC now owns 34,368 shares of the software maker’s stock valued at $1,310,000 after buying an additional 5,692 shares in the last quarter. Institutional investors own 58.70% of the company’s stock.
Mobileye N.V. (NYSE:MBLY) opened at 63.49 on Monday. The company has a 50-day moving average price of $63.04 and a 200-day moving average price of $57.27. Mobileye N.V. has a one year low of $33.69 and a one year high of $63.50. The firm has a market capitalization of $14.09 billion, a P/E ratio of 124.49 and a beta of 0.90.
Mobileye N.V. (NYSE:MBLY) last issued its quarterly earnings data on Thursday, June 1st. The software maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. Mobileye N.V. had a return on equity of 17.78% and a net margin of 29.43%. The firm had revenue of $124.70 million during the quarter, compared to analyst estimates of $118.52 million. During the same quarter last year, the firm earned $0.15 EPS. Mobileye N.V.’s quarterly revenue was up 65.8% on a year-over-year basis. On average, equities research analysts anticipate that Mobileye N.V. will post $1.05 EPS for the current year.
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Several research analysts have recently commented on the company. BidaskClub lowered Mobileye N.V. from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $63.54 price objective on shares of Mobileye N.V. in a report on Thursday, July 6th. Royal Bank Of Canada restated a “hold” rating and issued a $63.54 price objective on shares of Mobileye N.V. in a report on Friday, May 19th. Vetr upgraded shares of Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 price objective on the stock in a report on Wednesday, April 26th. Finally, Robert W. Baird lowered shares of Mobileye N.V. from an “outperform” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have assigned a buy rating to the company’s stock. Mobileye N.V. currently has a consensus rating of “Hold” and an average price target of $55.85.
About Mobileye N.V.
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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