Ghisallo Capital Management LLC Acquires Shares of 1,000,000 Mobileye Global Inc. $MBLY

Ghisallo Capital Management LLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the third quarter, HoldingsChannel.com reports. The firm bought 1,000,000 shares of the company’s stock, valued at approximately $14,120,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Intel Corp acquired a new stake in Mobileye Global in the third quarter valued at about $706,000,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mobileye Global during the third quarter worth about $40,670,000. JPMorgan Chase & Co. raised its stake in Mobileye Global by 57.6% during the third quarter. JPMorgan Chase & Co. now owns 686,976 shares of the company’s stock worth $9,700,000 after acquiring an additional 251,072 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Mobileye Global in the third quarter worth about $2,470,000. Finally, SG Americas Securities LLC boosted its stake in shares of Mobileye Global by 1,090.2% in the 2nd quarter. SG Americas Securities LLC now owns 115,321 shares of the company’s stock valued at $2,073,000 after purchasing an additional 105,632 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY stock opened at $7.57 on Friday. The company’s 50-day moving average is $9.46 and its 200-day moving average is $11.69. The stock has a market capitalization of $6.37 billion, a PE ratio of -15.45 and a beta of 0.59. Mobileye Global Inc. has a 1 year low of $7.54 and a 1 year high of $20.18.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. The Goldman Sachs Group dropped their price objective on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research report on Wednesday, January 28th. Tigress Financial reaffirmed a “buy” rating and set a $25.00 target price on shares of Mobileye Global in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada lowered their price target on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Mobileye Global has an average rating of “Hold” and an average price target of $15.89.

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.