Covalis Capital LLP Makes New $2.36 Million Investment in Mobileye Global Inc. $MBLY

Covalis Capital LLP acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 131,301 shares of the company’s stock, valued at approximately $2,361,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MBLY. Primecap Management Co. CA lifted its position in shares of Mobileye Global by 13.6% during the 2nd quarter. Primecap Management Co. CA now owns 2,233,200 shares of the company’s stock valued at $40,153,000 after buying an additional 267,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Mobileye Global by 32.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company’s stock worth $28,822,000 after acquiring an additional 493,281 shares during the period. Vanguard Group Inc. lifted its holdings in Mobileye Global by 3.7% during the first quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company’s stock valued at $25,611,000 after purchasing an additional 63,261 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Mobileye Global by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,268,449 shares of the company’s stock valued at $22,812,000 after purchasing an additional 5,340 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Mobileye Global by 16.2% during the first quarter. Raymond James Financial Inc. now owns 803,852 shares of the company’s stock worth $11,571,000 after purchasing an additional 111,785 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MBLY has been the topic of a number of research reports. Mizuho decreased their price target on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Wall Street Zen downgraded Mobileye Global from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a research note on Friday, October 31st. Tigress Financial increased their price objective on Mobileye Global from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Robert W. Baird lowered their target price on shares of Mobileye Global from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 3rd. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.94.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $11.17 on Friday. Mobileye Global Inc. has a one year low of $10.74 and a one year high of $22.51. The company has a market cap of $9.10 billion, a price-to-earnings ratio of -26.60, a PEG ratio of 6.97 and a beta of 0.51. The business’s 50 day moving average price is $13.67 and its 200 day moving average price is $14.92.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The company had revenue of $504.00 million during the quarter, compared to analysts’ expectations of $479.93 million. During the same period in the prior year, the business earned $0.10 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. On average, analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.