Mobileye N.V. (MBLY) Shares Sold by Comerica Bank
Comerica Bank lowered its holdings in shares of Mobileye N.V. (NYSE:MBLY) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,291 shares of the software maker’s stock after selling 1,190 shares during the quarter. Comerica Bank’s holdings in Mobileye N.V. were worth $1,094,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MBLY. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Mobileye N.V. during the first quarter worth about $126,000. Chicago Partners Investment Group LLC bought a new position in shares of Mobileye N.V. during the second quarter worth about $138,000. WFG Advisors LP grew its holdings in shares of Mobileye N.V. by 58,750.0% during the first quarter. WFG Advisors LP now owns 2,354 shares of the software maker’s stock worth $145,000 after buying an additional 2,350 shares in the last quarter. Adalta Capital Management LLC bought a new position in shares of Mobileye N.V. during the first quarter worth about $202,000. Finally, KCG Holdings Inc. bought a new position in shares of Mobileye N.V. during the first quarter worth about $225,000. 60.95% of the stock is currently owned by institutional investors.
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Mobileye N.V. (NYSE MBLY) opened at 62.67 on Monday. The stock’s 50 day moving average price is $63.15 and its 200 day moving average price is $61.19. The company has a market capitalization of $13.91 billion, a P/E ratio of 122.88 and a beta of 0.90. Mobileye N.V. has a 52 week low of $33.69 and a 52 week high of $63.56.
A number of research analysts recently issued reports on MBLY shares. BidaskClub upgraded Mobileye N.V. from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $63.54 price objective on shares of Mobileye N.V. in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $55.73.
Mobileye N.V. Profile
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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