Daiwa Securities Group Inc. cut its stake in Mobileye N.V. (NYSE:MBLY) by 35.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,921 shares of the software maker’s stock after selling 15,553 shares during the period. Daiwa Securities Group Inc.’s holdings in Mobileye N.V. were worth $1,753,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of MBLY. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Mobileye N.V. during the first quarter valued at $2,646,000. ARP Americas LLC acquired a new position in Mobileye N.V. during the first quarter valued at $14,789,000. Granite Investment Partners LLC boosted its position in Mobileye N.V. by 2.8% in the first quarter. Granite Investment Partners LLC now owns 110,238 shares of the software maker’s stock valued at $6,769,000 after buying an additional 3,022 shares in the last quarter. Sigma Planning Corp purchased a new stake in Mobileye N.V. during the first quarter worth approximately $367,000. Finally, Havens Advisors LLC purchased a new stake in Mobileye N.V. during the first quarter worth approximately $6,176,000. Hedge funds and other institutional investors own 57.13% of the company’s stock.
Mobileye N.V. (NYSE:MBLY) remained flat at $63.53 during trading on Friday. The stock had a trading volume of 541,745 shares. The company has a market cap of $14.10 billion, a P/E ratio of 124.57 and a beta of 0.90. Mobileye N.V. has a 12-month low of $33.69 and a 12-month high of $63.56. The firm has a 50-day moving average of $63.31 and a 200-day moving average of $58.85.
Mobileye N.V. (NYSE:MBLY) last issued its earnings results on Thursday, June 1st. The software maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $124.70 million during the quarter, compared to the consensus estimate of $118.52 million. Mobileye N.V. had a net margin of 29.43% and a return on equity of 17.78%. The company’s revenue was up 65.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, equities analysts expect that Mobileye N.V. will post $1.05 EPS for the current fiscal year.
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A number of analysts recently commented on MBLY shares. Jefferies Group LLC reiterated a “hold” rating and set a $64.00 price objective on shares of Mobileye N.V. in a research report on Tuesday, April 25th. Vetr upgraded Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 price objective for the company in a research report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “hold” rating and set a $63.54 price objective on shares of Mobileye N.V. in a research report on Friday, May 19th. Finally, BidaskClub upgraded Mobileye N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have issued a buy rating to the company. Mobileye N.V. currently has an average rating of “Hold” and an average target price of $55.85.
About Mobileye N.V.
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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