Bank of Montreal Can Invests $12,910,000 in Mobileye NV (MBLY)
Bank of Montreal Can purchased a new stake in shares of Mobileye NV (NASDAQ:MBLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 279,790 shares of the company’s stock, valued at approximately $12,910,000. Bank of Montreal Can owned about 0.13% of Mobileye NV at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC increased its stake in Mobileye NV by 14.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $117,000 after buying an additional 321 shares during the last quarter. Howland Capital Management LLC boosted its position in shares of Mobileye NV by 0.8% in the second quarter. Howland Capital Management LLC now owns 136,328 shares of the company’s stock valued at $6,290,000 after buying an additional 1,106 shares during the period. British Columbia Investment Management Corp boosted its position in shares of Mobileye NV by 125.0% in the second quarter. British Columbia Investment Management Corp now owns 19,800 shares of the company’s stock valued at $914,000 after buying an additional 11,000 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Mobileye NV by 137.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,973 shares of the company’s stock valued at $183,000 after buying an additional 2,303 shares during the period. Finally, Cabot Wealth Management Inc. bought a new position in shares of Mobileye NV during the second quarter valued at about $1,327,000.
Shares of Mobileye NV (NASDAQ:MBLY) traded up 2.16% during trading on Friday, hitting $42.57. The company’s stock had a trading volume of 2,985,542 shares. The stock has a market cap of $9.34 billion and a PE ratio of 109.15. Mobileye NV has a one year low of $23.57 and a one year high of $52.00. The company has a 50-day moving average price of $45.65 and a 200-day moving average price of $41.70.
Mobileye NV (NASDAQ:MBLY) last released its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm earned $83.50 million during the quarter, compared to analysts’ expectations of $77.64 million. The firm’s revenue was up 58.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Equities analysts predict that Mobileye NV will post $0.71 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Dougherty & Co reissued a “neutral” rating on shares of Mobileye NV in a report on Tuesday, July 5th. Evercore ISI reissued a “buy” rating and issued a $60.00 price objective on shares of Mobileye NV in a report on Thursday, June 30th. Zacks Investment Research cut Mobileye NV from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Royal Bank Of Canada boosted their price objective on Mobileye NV from $47.00 to $53.00 and gave the company an “outperform” rating in a report on Tuesday, July 5th. Finally, Berenberg Bank assumed coverage on Mobileye NV in a report on Friday, June 17th. They issued a “buy” rating and a $51.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.92.
About Mobileye NV
Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM).
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