Mobileye Global Inc. $MBLY is GSA Capital Partners LLP’s 6th Largest Position

GSA Capital Partners LLP raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 855.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 412,488 shares of the company’s stock after buying an additional 369,330 shares during the period. Mobileye Global comprises about 0.4% of GSA Capital Partners LLP’s portfolio, making the stock its 6th largest holding. GSA Capital Partners LLP owned 0.05% of Mobileye Global worth $4,306,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Two Sigma Investments LP increased its stake in shares of Mobileye Global by 131.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after purchasing an additional 2,493,181 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Mobileye Global by 23.1% in the 4th quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock valued at $36,608,000 after purchasing an additional 658,585 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Mobileye Global by 65.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock valued at $43,286,000 after purchasing an additional 1,213,448 shares in the last quarter. Burkehill Global Management LP purchased a new position in shares of Mobileye Global in the 3rd quarter valued at about $42,360,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Mobileye Global by 436.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,489,803 shares of the company’s stock valued at $35,156,000 after purchasing an additional 2,025,257 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MBLY shares. TD Cowen lifted their price target on Mobileye Global from $8.50 to $10.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Tigress Financial restated a “buy” rating and issued a $25.00 price target on shares of Mobileye Global in a research note on Thursday, January 29th. Morgan Stanley cut their price target on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Mizuho lifted their price target on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Mobileye Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.70.

Mobileye Global Price Performance

MBLY stock opened at $9.34 on Tuesday. The business has a 50 day simple moving average of $8.08 and a 200-day simple moving average of $9.73. The firm has a market capitalization of $7.86 billion, a PE ratio of -1.85 and a beta of 1.06. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $20.18.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $558.00 million during the quarter, compared to analyst estimates 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 revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. On average, equities research analysts expect that Mobileye Global Inc. will post -0.07 EPS for the current year.

Mobileye Global declared that its board has approved a share repurchase plan on Thursday, April 23rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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.