Healthcare of Ontario Pension Plan Trust Fund Sells 645,500 Shares of Mobileye Global Inc. $MBLY

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 71.7% in the first quarter, HoldingsChannel reports. The fund owned 254,500 shares of the company’s stock after selling 645,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Mobileye Global were worth $1,748,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BCGM Wealth Management LLC increased its stake in shares of Mobileye Global by 56.7% during the first quarter. BCGM Wealth Management LLC now owns 368,763 shares of the company’s stock valued at $2,533,000 after purchasing an additional 133,471 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Mobileye Global by 24.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock worth $24,634,000 after purchasing an additional 705,400 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of Mobileye Global by 140.9% in the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock worth $37,348,000 after purchasing an additional 2,092,250 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Mobileye Global by 977.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 218,016 shares of the company’s stock worth $1,498,000 after buying an additional 197,781 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of Mobileye Global in the 4th quarter worth approximately $15,290,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Up 0.5%

Shares of MBLY opened at $7.94 on Friday. Mobileye Global Inc. has a twelve month low of $6.47 and a twelve month high of $15.81. The company has a market capitalization of $6.67 billion, a P/E ratio of -1.59, a price-to-earnings-growth ratio of 2.69 and a beta of 1.16. The firm has a 50 day moving average of $9.19 and a 200 day moving average of $8.88.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.13. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The business had revenue of $508.00 million for the quarter, compared to analysts’ expectations of $480.51 million. During the same period in the prior year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts expect that Mobileye Global Inc. will post 0.11 EPS for the current year.

Mobileye Global declared that its board has initiated a stock buyback plan on Thursday, April 23rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MBLY shares. Wall Street Zen raised Mobileye Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. dropped their target price on Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Zacks Research raised Mobileye Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Tigress Financial reduced their price target on Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday. Finally, Royal Bank Of Canada lowered their price target on Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mobileye Global has an average rating of “Hold” and an average price target of $12.64.

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.