62,075 Shares in Mobileye Global Inc. $MBLY Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 62,075 shares of the company’s stock, valued at approximately $876,000.

A number of other hedge funds have also recently modified their holdings of the business. Intel Corp purchased a new stake in shares of Mobileye Global in the third quarter worth approximately $706,000,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mobileye Global during the 3rd quarter valued at $40,670,000. Vanguard Group Inc. grew its position in Mobileye Global by 65.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock valued at $43,286,000 after acquiring an additional 1,213,448 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Mobileye Global by 124.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,999,090 shares of the company’s stock worth $28,227,000 after purchasing an additional 1,110,123 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Mobileye Global by 218.7% during the second quarter. Cubist Systematic Strategies LLC now owns 1,593,168 shares of the company’s stock worth $28,645,000 after purchasing an additional 1,093,289 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Down 3.9%

Shares of NASDAQ:MBLY opened at $8.70 on Tuesday. The firm has a 50 day moving average of $10.08 and a 200 day moving average of $12.23. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of -17.75 and a beta of 0.58. Mobileye Global Inc. has a 52 week low of $8.32 and a 52 week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $446.00 million for the quarter, compared to the consensus estimate of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The business’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. On average, sell-side analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

MBLY has been the topic of several recent analyst reports. Wolfe Research downgraded shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. UBS Group reduced their target price on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Wall Street Zen downgraded shares of Mobileye Global from a “hold” rating to a “sell” rating in a research note on Saturday. Canaccord Genuity Group dropped their price objective on Mobileye Global from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.89.

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.