Mobileye Global Inc. $MBLY Shares Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC grew its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 689.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,136 shares of the company’s stock after purchasing an additional 97,928 shares during the period. Krane Funds Advisors LLC’s holdings in Mobileye Global were worth $1,577,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Intel Corp acquired a new stake in Mobileye Global during the third quarter valued at $706,000,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mobileye Global in the third quarter worth about $40,670,000. SG Americas Securities LLC boosted its stake in shares of Mobileye Global by 1,090.2% during the 2nd quarter. SG Americas Securities LLC now owns 115,321 shares of the company’s stock worth $2,073,000 after acquiring an additional 105,632 shares in the last quarter. Skylands Capital LLC boosted its stake in shares of Mobileye Global by 861.0% during the 3rd quarter. Skylands Capital LLC now owns 233,050 shares of the company’s stock worth $3,291,000 after acquiring an additional 208,800 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Mobileye Global during the 3rd quarter valued at about $2,470,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reduced their price target on Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, January 23rd. Canaccord Genuity Group cut their price objective on Mobileye Global from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. UBS Group reduced their target price on Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Morgan Stanley decreased their target price on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Finally, HSBC raised shares of Mobileye Global to a “strong-buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.89.

Mobileye Global Trading Down 3.9%

NASDAQ:MBLY opened at $8.70 on Tuesday. The company has a market cap of $7.32 billion, a P/E ratio of -17.75 and a beta of 0.58. Mobileye Global Inc. has a twelve month low of $8.32 and a twelve month high of $20.18. The company’s 50-day moving average price is $10.08 and its 200-day moving average price is $12.23.

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

About Mobileye Global

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.