SBI Okasan Asset Management Co.Ltd. Takes Position in Mobileye Global Inc. $MBLY

SBI Okasan Asset Management Co.Ltd. bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 98,000 shares of the company’s stock, valued at approximately $1,043,000.

Several other large investors also recently bought and sold shares of the stock. Two Sigma Investments LP increased its stake 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 valued at $61,898,000 after purchasing an additional 2,493,181 shares in the last quarter. DNB Asset Management AS lifted its stake in shares of Mobileye Global by 23.1% during the fourth quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock worth $36,608,000 after buying an additional 658,585 shares during the period. Vanguard Group Inc. grew its holdings in shares of Mobileye Global by 65.5% during the third quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock valued at $43,286,000 after buying an additional 1,213,448 shares during the last quarter. Burkehill Global Management LP acquired a new position in shares of Mobileye Global in the 3rd quarter valued at $42,360,000. Finally, BNP Paribas Financial Markets raised its stake in Mobileye Global by 436.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,489,803 shares of the company’s stock worth $35,156,000 after acquiring an additional 2,025,257 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Mizuho boosted their price target on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. The Goldman Sachs Group raised their price objective on Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. 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 report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their target price on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Finally, TD Cowen increased their price target on shares of Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mobileye Global currently has a consensus rating of “Hold” and a consensus target price of $13.77.

Mobileye Global Stock Down 0.7%

Shares of MBLY opened at $10.34 on Friday. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of -2.05 and a beta of 1.06. Mobileye Global Inc. has a 52 week low of $6.47 and a 52 week high of $20.18. The stock’s 50-day moving average price is $8.48 and its 200-day moving average price is $9.57.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business earned $0.08 earnings per share. Mobileye Global’s quarterly revenue was up 27.4% on a year-over-year basis. As a group, equities analysts anticipate that Mobileye Global Inc. will post -0.07 EPS for the current fiscal year.

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