Mobileye Global Inc. $MBLY Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC trimmed its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,000 shares of the company’s stock after selling 50,000 shares during the period. New Age Alpha Advisors LLC’s holdings in Mobileye Global were worth $783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ion Asset Management Ltd. acquired a new stake in shares of Mobileye Global during the third quarter worth $3,389,000. JPMorgan Chase & Co. raised its holdings in shares of Mobileye Global by 57.6% during the third quarter. JPMorgan Chase & Co. now owns 686,976 shares of the company’s stock worth $9,700,000 after purchasing an additional 251,072 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Mobileye Global during the third quarter worth $2,470,000. Erste Asset Management GmbH bought a new position in shares of Mobileye Global during the third quarter worth about $3,665,000. Finally, Skylands Capital LLC grew its position in shares of Mobileye Global by 861.0% during the third 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 during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MBLY shares. Berenberg Bank lowered shares of Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price target for the company. in a research report on Thursday, May 21st. BNP Paribas Exane lowered their price target on shares of Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. TD Cowen upped their price target on shares of Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Mizuho upped their price target on shares of Mobileye Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Barclays lowered their price target on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.77.

Mobileye Global Stock Up 1.6%

Shares of MBLY opened at $10.16 on Thursday. The firm has a 50-day moving average price of $8.37 and a 200 day moving average price of $9.58. The firm has a market capitalization of $8.55 billion, a PE ratio of -2.02 and a beta of 1.06. Mobileye Global Inc. has a 52-week low of $6.47 and a 52-week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $558.00 million during the quarter, compared to analyst estimates of $519.34 million. Mobileye Global had a negative net margin of 203.97% and a positive return on equity of 0.33%. Mobileye Global’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, equities analysts expect that Mobileye Global Inc. will post -0.07 EPS for the current year.

Mobileye Global declared that its Board of Directors has initiated a share buyback plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.