UBS Group AG Sells 650,169 Shares of Mobileye Global Inc. $MBLY

UBS Group AG decreased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 17.6% in the 4th quarter, Holdings Channel reports. The firm owned 3,036,000 shares of the company’s stock after selling 650,169 shares during the quarter. UBS Group AG’s holdings in Mobileye Global were worth $31,696,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MBLY. MAI Capital Management increased its stake in shares of Mobileye Global by 22.2% in the 3rd quarter. MAI Capital Management now owns 4,400 shares of the company’s stock valued at $62,000 after acquiring an additional 800 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Mobileye Global by 6.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 16,068 shares of the company’s stock worth $168,000 after purchasing an additional 957 shares during the period. Sei Investments Co. grew its holdings in Mobileye Global by 2.5% in the second quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock worth $811,000 after purchasing an additional 1,090 shares during the period. Cresset Asset Management LLC increased its stake in Mobileye Global by 6.3% in the third quarter. Cresset Asset Management LLC now owns 18,819 shares of the company’s stock valued at $266,000 after purchasing an additional 1,110 shares in the last quarter. Finally, State of Wyoming increased its stake in Mobileye Global by 5.8% in the third quarter. State of Wyoming now owns 23,801 shares of the company’s stock valued at $336,000 after purchasing an additional 1,306 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MBLY shares. Wall Street Zen raised shares of Mobileye Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. The Goldman Sachs Group boosted their target price on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Tigress Financial reaffirmed a “buy” rating and set a $25.00 price target on shares of Mobileye Global in a research note on Thursday, January 29th. Morgan Stanley cut their price target on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Finally, Berenberg Bank assumed coverage on Mobileye Global in a research note on Wednesday, April 1st. They issued a “buy” rating and a $9.30 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.98.

Mobileye Global Trading Up 3.6%

Mobileye Global stock opened at $9.19 on Friday. Mobileye Global Inc. has a 1-year low of $6.47 and a 1-year high of $20.18. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of -1.82 and a beta of 1.06. The firm’s fifty day moving average price is $7.89 and its two-hundred day moving average price is $9.94.

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

Mobileye Global announced that its Board of Directors has approved a share repurchase program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.