Skandinaviska Enskilda Banken AB publ Makes New Investment in Mobileye Global Inc. $MBLY

Skandinaviska Enskilda Banken AB publ bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 77,505 shares of the company’s stock, valued at approximately $1,094,000.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Mobileye Global during the 2nd quarter valued at about $31,000. Rhumbline Advisers bought a new position in shares of Mobileye Global in the first quarter worth approximately $27,000. Tower Research Capital LLC TRC lifted its stake in shares of Mobileye Global by 464.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock worth $59,000 after buying an additional 2,705 shares in the last quarter. KBC Group NV purchased a new stake in shares of Mobileye Global during the second quarter valued at approximately $65,000. Finally, CoreCap Advisors LLC increased its position in shares of Mobileye Global by 1,337.3% during the third quarter. CoreCap Advisors LLC now owns 5,476 shares of the company’s stock valued at $77,000 after acquiring an additional 5,095 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MBLY. Zacks Research cut Mobileye Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Morgan Stanley lowered 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. Wall Street Zen cut Mobileye Global from a “hold” rating to a “sell” rating in a research report on Saturday. Wolfe Research downgraded Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. upgraded shares of Mobileye Global from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $13.00 in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.89.

Mobileye Global Stock Performance

MBLY stock opened at $9.05 on Friday. The company has a market cap of $7.36 billion, a price-to-earnings ratio of -18.47 and a beta of 0.58. The business’s 50-day moving average is $10.11 and its two-hundred day moving average is $12.28. Mobileye Global Inc. has a fifty-two week low of $8.32 and a fifty-two week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $446.00 million during the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Mobileye Global Company 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.