Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Columbus Hill Capital Management L.P.

Columbus Hill Capital Management L.P. decreased its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 420,613 shares of the company’s stock after selling 7,500 shares during the quarter. Mobileye Global makes up about 2.4% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 20th largest position. Columbus Hill Capital Management L.P.’s holdings in Mobileye Global were worth $11,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. grew its holdings in shares of Mobileye Global by 89.8% during the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after buying an additional 7,560,929 shares during the last quarter. Kodai Capital Management LP purchased a new stake in Mobileye Global during the 4th quarter valued at about $148,924,000. Wellington Management Group LLP increased its holdings in shares of Mobileye Global by 200.3% in the fourth quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after purchasing an additional 2,266,438 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Mobileye Global in the first quarter worth about $69,638,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Mobileye Global by 5,308.1% during the first quarter. 1832 Asset Management L.P. now owns 2,206,500 shares of the company’s stock worth $70,939,000 after purchasing an additional 2,165,700 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Daiwa America downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. Hsbc Global Res raised shares of Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Fox Advisors lowered shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st. Barclays cut their price target on Mobileye Global from $40.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Moderate Buy” and an average price target of $30.81.

Mobileye Global Trading Down 7.3 %

Shares of Mobileye Global stock opened at $12.38 on Friday. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The firm has a market capitalization of $10.02 billion, a PE ratio of -58.95 and a beta of 0.08. The firm’s 50-day moving average price is $16.50 and its 200 day moving average price is $24.54.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $424.34 million. During the same quarter last year, the business posted $0.11 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Mobileye Global Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mobileye Global news, CEO Amnon Shashua bought 631,963 shares of Mobileye Global stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the transaction, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mobileye Global news, CEO Amnon Shashua acquired 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the purchase, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $15.48 per share, with a total value of $99,072.00. Following the acquisition, the director now owns 139,106 shares in the company, valued at approximately $2,153,360.88. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.