Mobileye NV (MBLY) is Selz Capital LLC’s 9th Largest Position
Selz Capital LLC cut its stake in shares of Mobileye NV (NYSE:MBLY) by 50.0% during the first quarter, Holdings Channel reports. The fund owned 200,000 shares of the software maker’s stock after selling 200,000 shares during the period. Mobileye NV makes up about 3.2% of Selz Capital LLC’s holdings, making the stock its 9th largest position. Selz Capital LLC owned approximately 0.09% of Mobileye NV worth $12,280,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Mobileye NV by 3.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,440 shares of the software maker’s stock valued at $2,456,000 after buying an additional 2,404 shares during the last quarter. State Street Corp increased its position in shares of Mobileye NV by 23.6% in the fourth quarter. State Street Corp now owns 3,201,780 shares of the software maker’s stock worth $122,048,000 after buying an additional 611,941 shares in the last quarter. Brown Capital Management LLC purchased a new position in shares of Mobileye NV during the fourth quarter worth approximately $438,000. Comerica Bank increased its position in shares of Mobileye NV by 4.9% in the fourth quarter. Comerica Bank now owns 18,363 shares of the software maker’s stock worth $775,000 after buying an additional 862 shares in the last quarter. Finally, Comgest Global Investors S.A.S. purchased a new position in shares of Mobileye NV during the fourth quarter worth approximately $1,559,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.
Shares of Mobileye NV (NYSE:MBLY) traded down 0.19% during midday trading on Thursday, reaching $61.75. The company had a trading volume of 3,889,669 shares. The company’s 50 day moving average price is $57.86 and its 200 day moving average price is $44.46. Mobileye NV has a 52-week low of $33.69 and a 52-week high of $61.91. The stock has a market capitalization of $13.69 billion, a PE ratio of 134.24 and a beta of 0.97.
Mobileye NV (NYSE:MBLY) last posted its quarterly earnings results on Wednesday, February 22nd. The software maker reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. Mobileye NV had a return on equity of 16.36% and a net margin of 29.07%. The firm had revenue of $104.60 million for the quarter, compared to the consensus estimate of $96.40 million. During the same period in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 45.7% compared to the same quarter last year. Equities research analysts expect that Mobileye NV will post $1.04 earnings per share for the current year.
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A number of brokerages have commented on MBLY. Monness Crespi & Hardt downgraded shares of Mobileye NV from a “buy” rating to a “neutral” rating in a report on Tuesday, February 21st. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and issued a $51.00 target price on shares of Mobileye NV in a report on Tuesday, January 3rd. KeyCorp reiterated an “equal weight” rating on shares of Mobileye NV in a report on Tuesday, January 10th. Wells Fargo & Co reiterated an “outperform” rating on shares of Mobileye NV in a report on Friday, January 6th. Finally, William Blair reiterated an “outperform” rating on shares of Mobileye NV in a report on Monday, February 13th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.22.
About Mobileye NV
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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