Y Intercept Hong Kong Ltd Acquires 197,781 Shares of Mobileye Global Inc. $MBLY

Y Intercept Hong Kong Ltd grew its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 977.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 218,016 shares of the company’s stock after buying an additional 197,781 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Mobileye Global were worth $1,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in Mobileye Global by 10.7% in the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after acquiring an additional 3,019 shares during the period. Rhumbline Advisers purchased a new position in Mobileye Global during the 1st quarter valued at $27,000. Creative Planning increased its position in Mobileye Global by 10.2% during the 2nd quarter. Creative Planning now owns 18,316 shares of the company’s stock valued at $329,000 after purchasing an additional 1,693 shares during the period. Cetera Investment Advisers bought a new position in Mobileye Global in the 2nd quarter worth $351,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Mobileye Global in the 2nd quarter worth $31,000. Institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

MBLY has been the topic of a number of research reports. TD Cowen lifted their target price on shares of Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a research note on Friday, April 24th. The Goldman Sachs Group boosted their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Zacks Research raised shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Jefferies Financial Group began coverage on shares of Mobileye Global in a report on Monday, May 18th. They issued an “underperform” rating and a $8.00 price objective for the company. Finally, Barclays cut their price objective on Mobileye Global from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and an average target price of $13.77.

Mobileye Global Trading Up 0.2%

Mobileye Global stock traded up $0.02 on Friday, hitting $9.55. 8,990,690 shares of the stock traded hands, compared to its average volume of 6,251,246. The firm has a market cap of $8.04 billion, a P/E ratio of -1.89 and a beta of 1.16. The business’s fifty day simple moving average is $9.44 and its 200 day simple moving average is $9.11. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $17.12.

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

Mobileye Global declared that its board has authorized a share buyback plan on Thursday, April 23rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership 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.