Mobileye Global Inc. $MBLY Shares Sold by Bamco Inc. NY

Bamco Inc. NY cut its position in Mobileye Global Inc. (NASDAQ:MBLY) by 96.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,357 shares of the company’s stock after selling 407,843 shares during the quarter. Bamco Inc. NY’s holdings in Mobileye Global were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Intel Corp purchased a new position in Mobileye Global in the 3rd quarter valued at about $706,000,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mobileye Global during the third quarter worth about $40,670,000. JPMorgan Chase & Co. increased its position in shares of Mobileye Global by 57.6% during the third quarter. JPMorgan Chase & Co. now owns 686,976 shares of the company’s stock worth $9,700,000 after acquiring an additional 251,072 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Mobileye Global in the third quarter worth about $2,470,000. Finally, SG Americas Securities LLC lifted its stake in shares of Mobileye Global by 1,090.2% in the second 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 in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research note on Wednesday, January 28th. Piper Sandler cut their target price on Mobileye Global from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Mobileye Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Wells Fargo & Company dropped their price target on shares of Mobileye Global from $24.00 to $18.00 and set an “overweight” 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 given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.89.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $7.94 on Tuesday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of -16.20 and a beta of 0.59. Mobileye Global Inc. has a one year low of $7.54 and a one year high of $20.18. The stock has a 50-day simple moving average of $9.39 and a 200 day simple moving average of $11.62.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $430.69 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Mobileye Global’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

About Mobileye Global

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.