Levin Capital Strategies L.P. Invests $918,000 in Mobileye Global Inc. $MBLY

Levin Capital Strategies L.P. purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 65,000 shares of the company’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Intel Corp bought a new stake in Mobileye Global during the 3rd quarter worth approximately $706,000,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mobileye Global during the 3rd quarter worth about $40,670,000. SG Americas Securities LLC grew its holdings in Mobileye Global by 1,090.2% during the 2nd quarter. SG Americas Securities LLC now owns 115,321 shares of the company’s stock worth $2,073,000 after acquiring an additional 105,632 shares during the last quarter. Skylands Capital LLC increased its position in Mobileye Global by 861.0% in the 3rd quarter. Skylands Capital LLC now owns 233,050 shares of the company’s stock valued at $3,291,000 after acquiring an additional 208,800 shares in the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of Mobileye Global by 18.2% in the second quarter. ARK Investment Management LLC now owns 137,053 shares of the company’s stock worth $2,464,000 after acquiring an additional 21,066 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Down 1.9%

MBLY opened at $9.10 on Thursday. The stock has a market cap of $7.41 billion, a P/E ratio of -18.57 and a beta of 0.58. Mobileye Global Inc. has a 12 month low of $8.32 and a 12 month high of $20.18. The company has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $12.35.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share for the quarter, hitting 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 firm had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MBLY has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a research report on Wednesday, January 28th. 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 research report on Friday, January 23rd. Mizuho cut their price objective on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. UBS Group lowered their target price on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Finally, Wells Fargo & Company cut their price target on Mobileye Global from $24.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average target price of $15.89.

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.