Mobileye Global Inc. $MBLY Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 88.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,753 shares of the company’s stock after acquiring an additional 104,455 shares during the period. Hsbc Holdings PLC’s holdings in Mobileye Global were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings 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 acquiring an additional 1,495 shares during the period. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mobileye Global during the 2nd quarter valued at approximately $31,000. Financial Management Professionals Inc. acquired a new position in shares of Mobileye Global in the 4th quarter valued at $32,000. Finally, Leonteq Securities AG acquired a new position in shares of Mobileye Global in the 4th quarter valued at $33,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $9.55 on Friday. The business’s 50 day moving average price is $9.44 and its 200-day moving average price is $9.11. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $17.12. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of -1.89 and a beta of 1.16.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $558.00 million during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.08 EPS. On average, sell-side analysts expect that Mobileye Global Inc. will post -0.09 earnings per share for the current year.

Mobileye Global announced that its board has approved a share repurchase program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently commented on MBLY. Canaccord Genuity Group dropped their price target on shares of Mobileye Global from $24.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Zacks Research raised shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Jefferies Financial Group initiated coverage on Mobileye Global in a research report on Monday, May 18th. They set an “underperform” rating and a $8.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company 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.