Maxi Investments CY Ltd Acquires Shares of 93,000 Mobileye Global Inc. $MBLY

Maxi Investments CY Ltd bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 93,000 shares of the company’s stock, valued at approximately $971,000.

A number of other institutional investors have also recently made changes to their positions in MBLY. IFP Advisors Inc increased its position in shares of Mobileye Global by 465.7% during the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after acquiring an additional 1,495 shares in the last quarter. Rhumbline Advisers bought a new position in Mobileye Global in the 1st quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Mobileye Global during the 2nd quarter valued at $31,000. Financial Management Professionals Inc. bought a new stake in shares of Mobileye Global in the 4th quarter worth $32,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Mobileye Global by 8,500.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after purchasing an additional 3,145 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY stock opened at $8.87 on Friday. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $20.18. The company has a market cap of $7.46 billion, a P/E ratio of -1.76 and a beta of 1.06. The stock’s fifty day moving average price is $7.89 and its 200-day moving average price is $9.94.

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

Mobileye Global declared that its Board of Directors has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MBLY. The Goldman Sachs Group boosted their price target on Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Morgan Stanley reduced their price objective 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. BNP Paribas Exane decreased their target price on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a report on Monday, April 27th. Finally, Arete Research lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price target for the company. in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and a consensus price target of $13.98.

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.