Skandinaviska Enskilda Banken AB publ Invests $1.09 Million in Mobileye Global Inc. $MBLY

Skandinaviska Enskilda Banken AB publ bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 77,505 shares of the company’s stock, valued at approximately $1,094,000.

Several other institutional investors have also added to or reduced their stakes in MBLY. NewEdge Advisors LLC grew its holdings in Mobileye Global by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock worth $450,000 after acquiring an additional 3,019 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the first quarter worth about $27,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Mobileye Global in the second quarter worth about $3,226,000. Teacher Retirement System of Texas purchased a new position in Mobileye Global during the 2nd quarter valued at about $274,000. Finally, BCGM Wealth Management LLC raised its position in 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 purchasing an additional 7,311 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 1.5%

Shares of MBLY stock opened at $9.05 on Friday. The company’s fifty day moving average price is $10.11 and its 200-day moving average price is $12.28. The stock has a market cap of $7.36 billion, a PE ratio of -18.47 and a beta of 0.58. Mobileye Global Inc. has a 12 month low of $8.32 and a 12 month high of $20.18.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. Mobileye Global’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. On average, sell-side analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MBLY shares. Zacks Research lowered Mobileye Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Wells Fargo & Company cut their price target on shares of Mobileye Global from $24.00 to $18.00 and set an “overweight” rating on the stock in a report 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 on the stock in a research report on Friday, January 23rd. Evercore decreased their price objective on shares of Mobileye Global from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, The Goldman Sachs Group cut their target price on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.89.

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.