GSA Capital Partners LLP Acquires 369,330 Shares of Mobileye Global Inc. $MBLY

GSA Capital Partners LLP boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 855.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 412,488 shares of the company’s stock after acquiring an additional 369,330 shares during the period. Mobileye Global accounts for about 0.4% of GSA Capital Partners LLP’s portfolio, making the stock its 6th largest holding. GSA Capital Partners LLP’s holdings in Mobileye Global were worth $4,306,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MBLY. IFP Advisors Inc lifted its holdings in Mobileye Global by 465.7% in 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 during the last quarter. Rhumbline Advisers acquired a new position in Mobileye Global in the first quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in Mobileye Global in the second quarter valued at approximately $31,000. Financial Management Professionals Inc. acquired a new position in Mobileye Global in the fourth quarter valued at approximately $32,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in Mobileye Global by 8,500.0% in the third quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock valued at $45,000 after acquiring an additional 3,145 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MBLY has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a report on Friday, April 24th. Barclays decreased their price target on Mobileye Global from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Wall Street Zen upgraded Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. decreased their price target on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Finally, Tigress Financial restated a “buy” rating and set a $25.00 price target on shares of Mobileye Global in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and an average target price of $13.70.

Mobileye Global Trading Down 6.8%

Mobileye Global stock opened at $9.34 on Tuesday. Mobileye Global Inc. has a twelve month low of $6.47 and a twelve month high of $20.18. The stock’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $9.73. The firm has a market capitalization of $7.86 billion, a P/E ratio of -1.85 and a beta of 1.06.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data 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. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.The business had revenue of $558.00 million for the quarter, compared to analyst estimates of $519.34 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The company’s revenue was up 27.4% on a year-over-year basis. Sell-side analysts predict that Mobileye Global Inc. will post -0.07 earnings per share for the current year.

Mobileye Global declared that its board has approved a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors 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.