Levin Capital Strategies L.P. Invests $918,000 in Mobileye Global Inc. $MBLY

Levin Capital Strategies L.P. purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 65,000 shares of the company’s stock, valued at approximately $918,000.

A number of other institutional investors have also modified their holdings of MBLY. NewEdge Advisors LLC grew its holdings in shares of Mobileye Global by 10.7% during the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock valued at $450,000 after purchasing an additional 3,019 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the first quarter valued at $27,000. ARK Investment Management LLC grew its holdings in Mobileye Global by 18.2% during the second quarter. ARK Investment Management LLC now owns 137,053 shares of the company’s stock worth $2,464,000 after acquiring an additional 21,066 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Mobileye Global in the second quarter worth about $3,226,000. Finally, Teacher Retirement System of Texas acquired a new stake in Mobileye Global in the 2nd quarter valued at about $274,000. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore reduced their price target on shares of Mobileye Global from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Wells Fargo & Company reduced their price objective on Mobileye Global from $24.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Morgan Stanley cut their price target on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobileye Global in a research report on Wednesday, January 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Mobileye Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average target price of $15.89.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $9.10 on Thursday. Mobileye Global Inc. has a one year low of $8.32 and a one year high of $20.18. The company has a fifty day moving average price of $10.20 and a 200 day moving average price of $12.35. The stock has a market cap of $7.41 billion, a P/E ratio of -18.57 and a beta of 0.58.

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