Mobileye Global Inc. $MBLY Stake Lowered by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 31.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,371,722 shares of the company’s stock after selling 3,437,640 shares during the period. Baillie Gifford & Co. owned 0.91% of Mobileye Global worth $76,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MBLY. IFP Advisors Inc lifted its stake in shares of Mobileye Global by 465.7% in the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the 1st quarter valued at $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Mobileye Global in the 2nd quarter valued at $31,000. Brown Brothers Harriman & Co. lifted its stake in shares of Mobileye Global by 8,500.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock valued at $45,000 after purchasing an additional 3,145 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Mobileye Global by 464.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after purchasing an additional 2,705 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MBLY. Wall Street Zen lowered shares of Mobileye Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. HSBC raised shares of Mobileye Global to a “strong-buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada reduced their price objective on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a research note on Wednesday, January 28th. Finally, Barclays reduced their price objective on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.48.

Mobileye Global Price Performance

Mobileye Global stock opened at $7.47 on Tuesday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of -15.24 and a beta of 0.75. Mobileye Global Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $20.18. The firm has a fifty day moving average price of $8.09 and a two-hundred day moving average price of $10.65.

Mobileye Global (NASDAQ:MBLY) last released its 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 firm had revenue of $446.00 million during the quarter, compared to analyst estimates 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 revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, sell-side analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current 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.