Mobileye N.V. (MBLY) Shares Sold by IFP Advisors Inc
IFP Advisors Inc lowered its position in shares of Mobileye N.V. (NYSE:MBLY) by 41.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,473 shares of the software maker’s stock after selling 2,422 shares during the period. IFP Advisors Inc’s holdings in Mobileye N.V. were worth $218,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of MBLY. ARP Americas LLC increased its stake in Mobileye N.V. by 9.0% in the second quarter. ARP Americas LLC now owns 262,500 shares of the software maker’s stock worth $16,485,000 after buying an additional 21,640 shares during the last quarter. Korea Investment CORP purchased a new stake in Mobileye N.V. during the second quarter worth $2,581,000. Kassirer Asset Management Corp increased its stake in Mobileye N.V. by 42.9% in the second quarter. Kassirer Asset Management Corp now owns 100,000 shares of the software maker’s stock worth $6,280,000 after buying an additional 30,000 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Mobileye N.V. during the second quarter worth $1,884,000. Finally, CIBC Asset Management Inc increased its stake in Mobileye N.V. by 8.3% in the second quarter. CIBC Asset Management Inc now owns 15,136 shares of the software maker’s stock worth $951,000 after buying an additional 1,154 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.
Mobileye N.V. (NYSE MBLY) opened at 63.53 on Monday. Mobileye N.V. has a 1-year low of $33.69 and a 1-year high of $63.56. The stock has a market capitalization of $14.10 billion, a PE ratio of 124.57 and a beta of 0.90. The stock’s 50 day moving average price is $63.31 and its 200 day moving average price is $58.85.
Mobileye N.V. (NYSE:MBLY) last released its quarterly earnings data on Thursday, June 1st. The software maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The company had revenue of $124.70 million for the quarter, compared to the consensus estimate of $118.52 million. Mobileye N.V. had a return on equity of 17.78% and a net margin of 29.43%. Mobileye N.V.’s quarterly revenue was up 65.8% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, equities research analysts predict that Mobileye N.V. will post $1.05 earnings per share for the current fiscal year.
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A number of analysts recently weighed in on the company. BidaskClub upgraded Mobileye N.V. from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and issued a $63.54 target price on shares of Mobileye N.V. in a research report on Thursday, July 6th. Royal Bank Of Canada restated a “hold” rating and issued a $63.54 target price on shares of Mobileye N.V. in a research report on Friday, May 19th. Finally, Vetr upgraded Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 target price for the company in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have given a buy rating to the company’s stock. Mobileye N.V. has an average rating of “Hold” and an average price target of $55.85.
About Mobileye N.V.
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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