Mobileye Global Inc. $MBLY Stock Position Lifted by Hsbc Holdings PLC

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its stake in shares of Mobileye Global by 131.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after buying an additional 2,493,181 shares during the period. Engineers Gate Manager LP increased its stake in shares of Mobileye Global by 140.9% in the fourth quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock worth $37,348,000 after acquiring an additional 2,092,250 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of Mobileye Global by 23.1% during the fourth quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock worth $36,608,000 after acquiring an additional 658,585 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Mobileye Global by 65.5% during the third quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock worth $43,286,000 after acquiring an additional 1,213,448 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new stake in Mobileye Global during the third quarter valued at $42,360,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

MBLY has been the topic of a number of recent research reports. BNP Paribas Exane lowered 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. TD Cowen raised their price target on Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Mobileye Global from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. UBS Group boosted their price target on Mobileye Global from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Canaccord Genuity Group dropped their price objective on Mobileye Global from $24.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.77.

Mobileye Global Price Performance

Mobileye Global stock opened at $8.30 on Tuesday. Mobileye Global Inc. has a one year low of $6.47 and a one year high of $20.18. The company’s fifty day moving average price is $9.25 and its two-hundred day moving average price is $9.17. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of -1.65 and a beta of 1.15.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million during the quarter, compared to analysts’ expectations of $519.34 million. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.The business’s quarterly 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 earnings per share. As a group, sell-side analysts anticipate that Mobileye Global Inc. will post -0.09 earnings per share for the current year.

Mobileye Global announced that its Board of Directors has initiated 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 typically a sign that the company’s leadership believes its shares are undervalued.

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.