WINTON GROUP Ltd Lowers Position in Mobileye Global Inc. $MBLY

WINTON GROUP Ltd lessened its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 78.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,153 shares of the company’s stock after selling 470,847 shares during the quarter. WINTON GROUP Ltd’s holdings in Mobileye Global were worth $1,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares in the last quarter. Rhumbline Advisers purchased a new position in Mobileye Global in the 1st quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Mobileye Global in the 2nd quarter worth approximately $31,000. Financial Management Professionals Inc. bought a new position in shares of Mobileye Global in the 4th quarter worth $32,000. Finally, Leonteq Securities AG bought a new position in shares of Mobileye Global in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of MBLY opened at $9.69 on Tuesday. Mobileye Global Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $20.18. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -1.92 and a beta of 1.15. The firm has a 50 day moving average price of $8.83 and a 200-day moving average price of $9.47.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. As a group, equities research analysts predict that Mobileye Global Inc. will post -0.07 earnings per share for the current year.

Mobileye Global declared that its board has approved a stock buyback program on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MBLY. Jefferies Financial Group began coverage on shares of Mobileye Global in a report on Monday, May 18th. They set an “underperform” rating and a $8.00 price objective for the company. BNP Paribas Exane reduced their target price on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Mobileye Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a research note on Monday, April 27th. Finally, Mizuho upped their price objective on Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.77.

Mobileye Global 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.