Mitsubishi UFJ Trust & Banking Corp Has $525,000 Stake in Mobileye Global Inc. $MBLY

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 78.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,249 shares of the company’s stock after selling 182,232 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Mobileye Global were worth $525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Intel Corp acquired a new stake in Mobileye Global in the third quarter valued at $706,000,000. Two Sigma Investments LP grew its holdings in Mobileye Global by 131.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after acquiring an additional 2,493,181 shares during the period. Vanguard Group Inc. grew its holdings in Mobileye Global by 65.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after acquiring an additional 1,213,448 shares during the period. Burkehill Global Management LP acquired a new stake in Mobileye Global during the 3rd quarter worth about $42,360,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mobileye Global during the 3rd quarter worth about $40,670,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MBLY shares. Zacks Research upgraded Mobileye Global from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Canaccord Genuity Group decreased their price target on Mobileye Global from $24.00 to $17.00 and set a “buy” rating for the company in a report on Friday, April 24th. BNP Paribas Exane decreased their price target on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Wolfe Research downgraded Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Finally, Berenberg Bank initiated coverage on shares of Mobileye Global in a research report on Wednesday, April 1st. They set a “buy” rating and a $9.30 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.98.

Mobileye Global Price Performance

MBLY stock opened at $9.07 on Thursday. The stock has a market capitalization of $7.63 billion, a PE ratio of -1.80 and a beta of 1.06. The company’s 50-day moving average is $7.89 and its 200-day moving average is $9.98. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $20.18.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The business’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, analysts anticipate that Mobileye Global Inc. will post -0.07 earnings per share for the current fiscal year.

Mobileye Global declared that its Board of Directors has authorized a stock buyback plan on Thursday, April 23rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

About Mobileye Global

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.