Pacer Advisors Inc. Trims Stock Holdings in Mobileye Global Inc. $MBLY

Pacer Advisors Inc. lowered its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 13.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,266,808 shares of the company’s stock after selling 197,758 shares during the quarter. Pacer Advisors Inc.’s holdings in Mobileye Global were worth $8,703,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Two Sigma Investments LP raised 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 acquiring an additional 2,493,181 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Mobileye Global by 24.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after purchasing an additional 705,400 shares during the last quarter. Engineers Gate Manager LP increased its holdings in Mobileye Global by 140.9% in the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock valued at $37,348,000 after purchasing an additional 2,092,250 shares during the last quarter. DNB Asset Management AS raised its position in Mobileye Global by 23.1% in the fourth 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 during the period. Finally, Vanguard Group Inc. raised its position in Mobileye Global by 65.5% in the third 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 during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Up 6.9%

Mobileye Global stock opened at $8.64 on Wednesday. Mobileye Global Inc. has a 52-week low of $6.47 and a 52-week high of $15.81. The firm has a market cap of $7.26 billion, a PE ratio of -1.73, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The company’s 50 day moving average is $9.12 and its two-hundred day moving average is $8.83.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The business had revenue of $508.00 million during the quarter, compared to the consensus estimate of $480.51 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.11 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research upgraded Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Jefferies Financial Group began coverage on Mobileye Global in a report on Monday, May 18th. They issued an “underperform” rating and a $8.00 price objective on the stock. Canaccord Genuity Group decreased their target price on Mobileye Global from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wall Street Zen upgraded Mobileye Global from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Royal Bank Of Canada dropped their target price on Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, ten have given 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 presently has an average rating of “Hold” and a consensus target price of $12.64.

Insider Transactions at Mobileye Global

In related news, Director Frank D. Yeary bought 12,360 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average cost of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the acquisition, the director owned 12,360 shares in the company, valued at approximately $98,632.80. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.00% of the company’s stock.

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.