Mobileye N.V. (MBLY) Shares Bought by GABELLI & Co INVESTMENT ADVISERS INC.
GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Mobileye N.V. (NYSE:MBLY) by 63.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 639,907 shares of the software maker’s stock after buying an additional 247,237 shares during the period. Mobileye N.V. comprises about 4.3% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 3rd largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Mobileye N.V. were worth $40,186,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of MBLY. BARING ASSET MANAGEMENT Ltd bought a new position in shares of Mobileye N.V. during the second quarter worth about $32,841,000. Legal & General Group Plc boosted its position in shares of Mobileye N.V. by 9.0% in the second quarter. Legal & General Group Plc now owns 699,731 shares of the software maker’s stock worth $43,944,000 after buying an additional 57,734 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Mobileye N.V. by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 503,702 shares of the software maker’s stock worth $31,634,000 after buying an additional 52,843 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new position in shares of Mobileye N.V. during the second quarter worth about $796,000. Finally, S. Muoio & CO. LLC boosted its position in shares of Mobileye N.V. by 57.2% in the second quarter. S. Muoio & CO. LLC now owns 39,300 shares of the software maker’s stock worth $2,468,000 after buying an additional 14,300 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.
Mobileye N.V. (NYSE MBLY) traded down 0.02% during mid-day trading on Wednesday, reaching $63.52. The company had a trading volume of 27,994 shares. The firm’s 50-day moving average price is $63.25 and its 200-day moving average price is $58.64. Mobileye N.V. has a 12 month low of $33.69 and a 12 month high of $63.56. The stock has a market cap of $14.10 billion, a PE ratio of 124.55 and a beta of 0.90.
Mobileye N.V. (NYSE:MBLY) last released its earnings results on Thursday, June 1st. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. The firm had revenue of $124.70 million during the quarter, compared to analysts’ expectations of $118.52 million. Mobileye N.V. had a return on equity of 17.78% and a net margin of 29.43%. The company’s revenue was up 65.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Equities research analysts forecast that Mobileye N.V. will post $1.05 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on the company. BidaskClub upgraded Mobileye N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a $63.54 target price on shares of Mobileye N.V. in a report on Thursday, July 6th. Royal Bank Of Canada restated a “hold” rating and issued a $63.54 target price on shares of Mobileye N.V. in a report on Friday, May 19th. Vetr upgraded Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 target price on the stock in a report on Wednesday, April 26th. Finally, Robert W. Baird cut Mobileye N.V. from an “outperform” rating to a “neutral” rating and set a $64.00 target price on the stock. in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.85.
About Mobileye N.V.
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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