SG Americas Securities LLC Grows Stock Position in Mobileye Global Inc. $MBLY

SG Americas Securities LLC grew its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 1,090.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,321 shares of the company’s stock after purchasing an additional 105,632 shares during the period. SG Americas Securities LLC’s holdings in Mobileye Global were worth $2,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Mobileye Global by 32.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company’s stock valued at $28,822,000 after purchasing an additional 493,281 shares in the last quarter. Nishkama Capital LLC acquired a new stake in shares of Mobileye Global during the first quarter valued at about $6,525,000. Woodline Partners LP acquired a new stake in shares of Mobileye Global during the first quarter valued at about $4,711,000. Quantbot Technologies LP purchased a new stake in shares of Mobileye Global during the first quarter worth about $4,376,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Mobileye Global in the second quarter worth about $3,226,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $11.23 on Thursday. Mobileye Global Inc. has a one year low of $11.21 and a one year high of $22.51. The company has a 50-day simple moving average of $13.79 and a 200-day simple moving average of $14.97. The firm has a market capitalization of $9.15 billion, a PE ratio of -26.74, a price-to-earnings-growth ratio of 7.28 and a beta of 0.51.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $504.00 million for the quarter, compared to analysts’ expectations of $479.93 million. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. Mobileye Global’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. Equities analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

MBLY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, October 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobileye Global in a research note on Friday, October 31st. Canaccord Genuity Group increased their price objective on shares of Mobileye Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Bank of America dropped their target price on shares of Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Finally, Mizuho reduced their price target on shares of Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $18.94.

Mobileye Global 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.