Pacer Advisors Inc. Makes New $15.29 Million Investment in Mobileye Global Inc. $MBLY

Pacer Advisors Inc. acquired a new position in Mobileye Global Inc. (NASDAQ:MBLYFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,464,566 shares of the company’s stock, valued at approximately $15,290,000.

Other institutional investors also recently made changes to their positions in the company. Burkehill Global Management LP bought a new stake in shares of Mobileye Global in the 3rd quarter valued at about $42,360,000. DNB Asset Management AS purchased a new stake in Mobileye Global during the 3rd quarter valued at about $40,212,000. Two Sigma Investments LP grew its position in Mobileye Global by 131.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock worth $61,898,000 after acquiring an additional 2,493,181 shares during the last quarter. Engineers Gate Manager LP grew its position in Mobileye Global by 140.9% during the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock worth $37,348,000 after acquiring an additional 2,092,250 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Mobileye Global by 436.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,489,803 shares of the company’s stock worth $35,156,000 after purchasing an additional 2,025,257 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY opened at $8.46 on Friday. The business has a 50 day simple moving average of $9.19 and a two-hundred day simple moving average of $9.34. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of -1.68 and a beta of 1.15. Mobileye Global Inc. has a one year low of $6.47 and a one year high of $20.18.

Mobileye Global (NASDAQ:MBLYGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.The firm had revenue of $558.00 million for the quarter, compared to analyst estimates of $519.34 million. During the same period last year, the company earned $0.08 EPS. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, sell-side analysts expect that Mobileye Global Inc. will post -0.09 EPS for the current fiscal year.

Mobileye Global announced that its board has authorized a stock repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have weighed in on MBLY shares. Canaccord Genuity Group lowered their price objective on Mobileye Global from $24.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. TD Cowen lifted their target price on shares of Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. 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 report on Monday, March 30th. Finally, UBS Group increased their price target on shares of Mobileye Global from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.77.

Get Our Latest Research Report on Mobileye Global

Mobileye Global Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MBLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobileye Global Inc. (NASDAQ:MBLYFree Report).

Institutional Ownership by Quarter for Mobileye Global (NASDAQ:MBLY)

Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter.