Bank of America Corp DE reduced its position in shares of Mobileye N.V. (NYSE:MBLY) by 39.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,114,730 shares of the software maker’s stock after selling 1,390,446 shares during the period. Bank of America Corp DE’s holdings in Mobileye N.V. were worth $129,844,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its stake in shares of Mobileye N.V. by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 44,392 shares of the software maker’s stock worth $2,726,000 after buying an additional 2,686 shares in the last quarter. Brown Advisory Securities LLC purchased a new stake in shares of Mobileye N.V. during the first quarter worth about $638,000. United Capital Financial Advisers LLC raised its stake in shares of Mobileye N.V. by 25.9% in the first quarter. United Capital Financial Advisers LLC now owns 27,551 shares of the software maker’s stock worth $1,692,000 after buying an additional 5,669 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of Mobileye N.V. during the first quarter worth about $225,000. Finally, BlackRock Inc. raised its stake in shares of Mobileye N.V. by 3,937.9% in the first quarter. BlackRock Inc. now owns 5,498,463 shares of the software maker’s stock worth $337,606,000 after buying an additional 5,362,292 shares in the last quarter. 62.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Mobileye N.V. (NYSE:MBLY) traded down 0.11% during mid-day trading on Friday, reaching $62.70. 2,385,859 shares of the company traded hands. The firm’s 50 day moving average price is $61.94 and its 200-day moving average price is $51.21. The company has a market capitalization of $13.91 billion, a P/E ratio of 122.94 and a beta of 0.91. Mobileye N.V. has a 52-week low of $33.69 and a 52-week high of $62.96.
Mobileye N.V. (NYSE:MBLY) last released its quarterly earnings results on Thursday, June 1st. The software maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. The firm had revenue of $124.70 million during the quarter, compared to analysts’ expectations of $118.52 million. Mobileye N.V. had a return on equity of 17.78% and a net margin of 29.43%. Mobileye N.V.’s quarterly revenue was up 65.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. Equities analysts predict that Mobileye N.V. will post $1.04 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of Mobileye N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Jefferies Group LLC reissued a “hold” rating and issued a $63.54 price objective on shares of Mobileye N.V. in a report on Wednesday, May 31st. Royal Bank of Canada reissued a “hold” rating and issued a $63.54 price objective on shares of Mobileye N.V. in a report on Friday, May 19th. Vetr raised shares of Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 price objective for the company in a report on Wednesday, April 26th. Finally, Robert W. Baird lowered shares of Mobileye N.V. from an “outperform” rating to a “neutral” rating and set a $64.00 target price for the company. in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $56.53.
Mobileye N.V. Company Profile
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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