Airain ltd Sells 17,430 Shares of Mobileye N.V. (MBLY)
Airain ltd lowered its stake in Mobileye N.V. (NYSE:MBLY) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 511,776 shares of the software maker’s stock after selling 17,430 shares during the period. Mobileye N.V. accounts for approximately 1.4% of Airain ltd’s holdings, making the stock its largest position. Airain ltd owned about 0.23% of Mobileye N.V. worth $32,140,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Mobileye N.V. during the first quarter valued at about $126,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Mobileye N.V. during the second quarter valued at about $138,000. Victory Capital Management Inc. raised its stake in shares of Mobileye N.V. by 44.1% in the second quarter. Victory Capital Management Inc. now owns 2,236 shares of the software maker’s stock valued at $140,000 after buying an additional 684 shares in the last quarter. WFG Advisors LP raised its stake in shares of Mobileye N.V. by 58,750.0% in the first quarter. WFG Advisors LP now owns 2,354 shares of the software maker’s stock valued at $145,000 after buying an additional 2,350 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Mobileye N.V. by 14.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the software maker’s stock valued at $149,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.
Shares of Mobileye N.V. (NYSE:MBLY) traded up 0.68% during midday trading on Friday, hitting $63.25. The stock had a trading volume of 512,601 shares. Mobileye N.V. has a 1-year low of $33.69 and a 1-year high of $63.56. The company’s 50 day moving average price is $63.30 and its 200-day moving average price is $59.57. The firm has a market capitalization of $14.04 billion, a PE ratio of 124.02 and a beta of 0.90.
Mobileye N.V. (NYSE:MBLY) last announced 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 business had revenue of $124.70 million for the quarter, compared to analyst estimates of $118.52 million. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. The company’s revenue for the quarter was up 65.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities analysts predict that Mobileye N.V. will post $1.05 earnings per share for the current year.
Several analysts recently issued reports on MBLY shares. BidaskClub upgraded Mobileye N.V. from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $63.54 price objective on shares of Mobileye N.V. in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $63.54 price objective on shares of Mobileye N.V. in a report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $55.73.
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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