Mobileye NV (MBLY) Position Increased by Boston Private Wealth LLC
Boston Private Wealth LLC raised its position in shares of Mobileye NV (NASDAQ:MBLY) by 22.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,386 shares of the company’s stock after buying an additional 42,822 shares during the period. Boston Private Wealth LLC owned 0.11% of Mobileye NV worth $10,861,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Concert Wealth Management Inc. acquired a new position in shares of Mobileye NV during the second quarter worth about $232,000. Bbva Compass Bancshares Inc. raised its position in shares of Mobileye NV by 4.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 9,199 shares of the company’s stock worth $424,000 after buying an additional 360 shares during the period. Tocqueville Asset Management L.P. raised its position in shares of Mobileye NV by 32.1% in the second quarter. Tocqueville Asset Management L.P. now owns 163,750 shares of the company’s stock worth $7,555,000 after buying an additional 39,825 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Mobileye NV by 92.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,166 shares of the company’s stock worth $699,000 after buying an additional 7,295 shares during the period. Finally, Ariose Capital Management Ltd raised its position in shares of Mobileye NV by 14.3% in the second quarter. Ariose Capital Management Ltd now owns 100,604 shares of the company’s stock worth $4,642,000 after buying an additional 12,604 shares during the period.
Shares of Mobileye NV (NASDAQ:MBLY) traded up 0.33% during mid-day trading on Wednesday, hitting $36.92. The company’s stock had a trading volume of 688,454 shares. The company has a market cap of $8.10 billion and a PE ratio of 94.67. The stock has a 50-day moving average of $43.05 and a 200-day moving average of $42.05. Mobileye NV has a 12-month low of $23.57 and a 12-month high of $51.15.
Mobileye NV (NASDAQ:MBLY) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $83.50 million for the quarter, compared to analyst estimates of $77.64 million. During the same period in the prior year, the company earned $0.10 EPS. The company’s revenue was up 58.1% on a year-over-year basis. On average, equities research analysts forecast that Mobileye NV will post $0.71 EPS for the current year.
A number of brokerages have recently issued reports on MBLY. TheStreet lowered Mobileye NV to a “sell” rating in a research report on Monday. Deutsche Bank AG reiterated a “buy” rating and set a $72.00 target price on shares of Mobileye NV in a research report on Friday, October 14th. Vetr upgraded Mobileye NV from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 22nd. SunTrust Banks Inc. began coverage on Mobileye NV in a research report on Monday, September 19th. They set a “buy” rating and a $63.00 target price on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Mobileye NV in a research report on Monday, September 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Mobileye NV has a consensus rating of “Buy” and an average price target of $58.92.
Mobileye NV Company Profile
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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