Marathon Trading Investment Management LLC purchased a new stake in Mobileye N.V. (NYSE:MBLY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,100 shares of the software maker’s stock, valued at approximately $3,322,000. Mobileye N.V. accounts for about 1.2% of Marathon Trading Investment Management LLC’s portfolio, making the stock its 7th largest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baldwin Brothers Inc. MA bought a new stake in shares of Mobileye N.V. during the first quarter valued at approximately $123,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Mobileye N.V. during the first quarter valued at about $126,000. WFG Advisors LP increased its stake in shares of Mobileye N.V. by 58,750.0% in the first quarter. WFG Advisors LP now owns 2,354 shares of the software maker’s stock valued at $145,000 after buying an additional 2,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Mobileye N.V. by 14.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the software maker’s stock valued at $149,000 after buying an additional 312 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Mobileye N.V. during the fourth quarter valued at about $109,000. 62.34% of the stock is owned by institutional investors.
Shares of Mobileye N.V. (NYSE:MBLY) traded down 0.06% during trading on Monday, reaching $62.66. The company’s stock had a trading volume of 2,791,460 shares. Mobileye N.V. has a 12 month low of $33.69 and a 12 month high of $62.96. The firm has a market cap of $13.91 billion, a PE ratio of 122.86 and a beta of 0.91. The stock’s 50 day moving average price is $61.96 and its 200-day moving average price is $51.38.
Mobileye N.V. (NYSE:MBLY) last announced its quarterly earnings data on Thursday, June 1st. The software maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. The business had revenue of $124.70 million for the quarter, compared to analysts’ expectations of $118.52 million. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. The business’s revenue was up 65.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. Equities analysts predict that Mobileye N.V. will post $1.04 EPS for the current year.
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MBLY has been the topic of several research reports. Vetr raised Mobileye N.V. from a “buy” rating to a “strong-buy” rating and set a $51.55 target price on the stock in a research report on Tuesday, February 28th. SunTrust Banks, Inc. lowered Mobileye N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. Piper Jaffray Companies lowered Mobileye N.V. from an “overweight” rating to a “neutral” rating in a report on Monday, March 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $63.54 target price on shares of Mobileye N.V. in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada raised their price objective on Mobileye N.V. from $51.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, twenty-four have given a hold rating and four have given a buy rating to the company’s stock. Mobileye N.V. presently has an average rating of “Hold” and an average target price of $56.53.
About Mobileye N.V.
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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