Krane Funds Advisors LLC Grows Stock Holdings in Mobileye Global Inc. $MBLY

Krane Funds Advisors LLC grew its position in Mobileye Global Inc. (NASDAQ:MBLY) by 689.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,136 shares of the company’s stock after buying an additional 97,928 shares during the period. Krane Funds Advisors LLC’s holdings in Mobileye Global were worth $1,577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advyzon Investment Management LLC lifted its position in Mobileye Global by 17.4% during the third quarter. Advyzon Investment Management LLC now owns 19,474 shares of the company’s stock valued at $275,000 after acquiring an additional 2,886 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Mobileye Global during the third quarter worth $2,470,000. Levin Capital Strategies L.P. acquired a new position in shares of Mobileye Global during the third quarter worth $918,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at $1,094,000. Finally, Vanguard Group Inc. boosted its position in shares of Mobileye Global by 65.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after purchasing an additional 1,213,448 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $8.70 on Tuesday. The company’s fifty day moving average price is $10.08 and its 200-day moving average price is $12.23. Mobileye Global Inc. has a 1-year low of $8.32 and a 1-year high of $20.18. The firm has a market capitalization of $7.32 billion, a P/E ratio of -17.75 and a beta of 0.58.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MBLY. Royal Bank Of Canada reduced their target price on Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, January 23rd. Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Needham & Company LLC cut their price objective on shares of Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. HSBC raised shares of Mobileye Global to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Barclays raised shares of Mobileye Global from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $17.00 to $16.00 in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.