WINTON GROUP Ltd Invests $8.51 Million in Mobileye Global Inc. $MBLY

WINTON GROUP Ltd bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 603,000 shares of the company’s stock, valued at approximately $8,514,000. WINTON GROUP Ltd owned 0.07% of Mobileye Global as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Mobileye Global during the second quarter worth approximately $31,000. Rhumbline Advisers acquired a new position in shares of Mobileye Global during the 1st quarter valued at $27,000. Tower Research Capital LLC TRC boosted its position in Mobileye Global by 464.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock worth $59,000 after purchasing an additional 2,705 shares during the period. KBC Group NV acquired a new stake in Mobileye Global in the 2nd quarter valued at $65,000. Finally, MAI Capital Management lifted its stake in shares of Mobileye Global by 22.2% during the third quarter. MAI Capital Management now owns 4,400 shares of the company’s stock worth $62,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

MBLY has been the topic of several analyst reports. Piper Sandler dropped their target price on Mobileye Global from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Canaccord Genuity Group lowered their price objective on shares of Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a research note on Wednesday, January 28th. Royal Bank Of Canada reduced their target price on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, January 23rd. Finally, UBS Group decreased their target price on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.89.

Mobileye Global Stock Down 1.4%

Shares of MBLY opened at $8.01 on Monday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of -16.35 and a beta of 0.59. The business’s 50 day moving average is $9.75 and its two-hundred day moving average is $11.88. Mobileye Global Inc. has a 52-week low of $7.93 and a 52-week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $446.00 million during the quarter, compared to the consensus estimate of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. On average, equities analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.