Krane Funds Advisors LLC Acquires 109,661 Shares of Mobileye Global Inc. $MBLY

Krane Funds Advisors LLC boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 97.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,797 shares of the company’s stock after acquiring an additional 109,661 shares during the quarter. Krane Funds Advisors LLC’s holdings in Mobileye Global were worth $2,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MBLY. IFP Advisors Inc lifted its holdings in shares of Mobileye Global by 465.7% during the 3rd quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after buying an additional 1,495 shares during the period. Rhumbline Advisers bought a new position in shares of Mobileye Global during the 1st quarter valued at $27,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Mobileye Global during the 2nd quarter valued at $31,000. Financial Management Professionals Inc. bought a new position in shares of Mobileye Global during the 4th quarter valued at $32,000. Finally, Leonteq Securities AG bought a new position in shares of Mobileye Global during the 4th quarter valued at $33,000. 13.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Mobileye Global in a report on Monday, May 18th. They set an “underperform” rating and a $8.00 price target on the stock. BNP Paribas Exane lowered their price target on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Zacks Research raised Mobileye Global from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Canaccord Genuity Group lowered their price target on Mobileye Global from $24.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Barclays reduced their price objective on Mobileye Global from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.77.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $9.47 on Monday. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of -1.88 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. The business has a fifty day moving average price of $8.77 and a 200-day moving average price of $9.48.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) 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 business had revenue of $558.00 million during the quarter, compared to analyst estimates of $519.34 million. During the same quarter in the prior year, the business posted $0.08 EPS. Mobileye Global’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, equities research analysts expect that Mobileye Global Inc. will post -0.07 earnings per share for the current fiscal year.

Mobileye Global declared that its Board of Directors has authorized a share buyback plan on Thursday, April 23rd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Mobileye Global Profile

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.