Mobileye Global Inc. $MBLY Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 499.7% during the 4th quarter, Holdings Channel reports. The firm owned 841,571 shares of the company’s stock after purchasing an additional 701,242 shares during the quarter. SG Americas Securities LLC’s holdings in Mobileye Global were worth $8,786,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MBLY. IFP Advisors Inc raised its position in shares of Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock worth $26,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers acquired a new stake in Mobileye Global during the 1st quarter valued at $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Mobileye Global during the second quarter worth $31,000. Brown Brothers Harriman & Co. increased its position in Mobileye Global by 8,500.0% during the third quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after buying an additional 3,145 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings 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 acquiring an additional 2,705 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Down 2.5%

NASDAQ MBLY opened at $6.56 on Tuesday. The business’s 50-day moving average price is $8.61 and its 200 day moving average price is $11.13. Mobileye Global Inc. has a twelve month low of $6.47 and a twelve month high of $20.18. The company has a market capitalization of $5.52 billion, a PE ratio of -13.39 and a beta of 0.59.

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

Analyst Ratings Changes

A number of analysts recently commented on MBLY shares. Tigress Financial reaffirmed a “buy” rating and set a $25.00 price objective on shares of Mobileye Global in a research note on Thursday, January 29th. Piper Sandler cut their target price on shares of Mobileye Global from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. HSBC upgraded shares of Mobileye Global to a “strong-buy” rating in a report on Friday, January 23rd. Zacks Research cut shares of Mobileye Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. 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 investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.79.

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.