Hillsdale Investment Management Inc. Purchases New Stake in Mobileye Global Inc. $MBLY

Hillsdale Investment Management Inc. acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 174,900 shares of the company’s stock, valued at approximately $2,470,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MBLY. NewEdge Advisors LLC lifted its position in shares of Mobileye Global by 10.7% in the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after purchasing an additional 3,019 shares in the last quarter. Rhumbline Advisers purchased a new position in Mobileye Global during the first quarter valued at approximately $27,000. Y Intercept Hong Kong Ltd acquired a new position in Mobileye Global in the 2nd quarter valued at approximately $3,226,000. Teacher Retirement System of Texas purchased a new stake in Mobileye Global in the 2nd quarter worth approximately $274,000. Finally, BCGM Wealth Management LLC boosted its stake in shares of Mobileye Global by 3.4% during the 2nd quarter. BCGM Wealth Management LLC now owns 221,264 shares of the company’s stock valued at $3,978,000 after buying an additional 7,311 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $9.05 on Monday. The stock has a market capitalization of $7.61 billion, a P/E ratio of -18.47 and a beta of 0.58. The business has a 50-day moving average of $10.11 and a two-hundred day moving average of $12.27. Mobileye Global Inc. has a fifty-two week low of $8.32 and a fifty-two week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The business had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MBLY. Wall Street Zen downgraded shares of Mobileye Global from a “hold” rating to a “sell” rating in a research note on Saturday. Canaccord Genuity Group lowered their target price on Mobileye Global from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Piper Sandler cut their price target on Mobileye Global from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Royal Bank Of Canada reduced their price target on Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, January 23rd. Finally, Morgan Stanley dropped their price objective on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.89.

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.