Columbus Hill Capital Management L.P. Sells 7,500 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Columbus Hill Capital Management L.P. reduced its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 1.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 420,613 shares of the company’s stock after selling 7,500 shares during the quarter. Mobileye Global comprises approximately 2.4% of Columbus Hill Capital Management L.P.’s holdings, making the stock its 20th largest holding. Columbus Hill Capital Management L.P. owned 0.05% of Mobileye Global worth $11,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MBLY. Baillie Gifford & Co. raised its stake in 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 purchasing an additional 7,560,929 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of Mobileye Global during the 4th quarter valued at about $148,924,000. Wellington Management Group LLP lifted its holdings in shares of Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after acquiring an additional 2,266,438 shares during the last quarter. Franklin Resources Inc. grew its position in Mobileye Global by 25.8% in the fourth quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock worth $113,616,000 after acquiring an additional 538,371 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Mobileye Global by 20.9% during the first quarter. DAVENPORT & Co LLC now owns 2,364,377 shares of the company’s stock worth $76,519,000 after acquiring an additional 408,038 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $12.38 on Friday. The company has a market cap of $10.02 billion, a PE ratio of -58.95 and a beta of 0.08. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $44.48. 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 announced its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. On average, analysts forecast that Mobileye Global Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobileye Global

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

Wall Street Analyst Weigh In

MBLY has been the subject of several analyst reports. Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. HSBC began coverage on Mobileye Global in a research report on Monday, July 15th. They issued a “buy” rating and a $33.00 price target for the company. Royal Bank of Canada cut their price objective on shares of Mobileye Global from $34.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Daiwa Capital Markets lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, Evercore ISI reiterated an “outperform” rating and set a $35.00 price target on shares of Mobileye Global in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, ten have issued 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.81.

Mobileye Global Company Profile

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.