Johnston Asset Management LLC increased its position in shares of Mobileye NV (NASDAQ:MBLY) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,680,637 shares of the company’s stock after buying an additional 228,089 shares during the period. Mobileye NV makes up 6.3% of Johnston Asset Management LLC’s holdings, making the stock its 4th largest position. Johnston Asset Management LLC’s holdings in Mobileye NV were worth $123,685,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. raised its position in Mobileye NV by 7.2% in the second quarter. American Century Companies Inc. now owns 1,796,234 shares of the company’s stock worth $82,878,000 after buying an additional 121,230 shares in the last quarter. Strs Ohio raised its position in Mobileye NV by 50.0% in the second quarter. Strs Ohio now owns 225,000 shares of the company’s stock worth $10,381,000 after buying an additional 75,000 shares in the last quarter. Pitcairn Co. raised its position in Mobileye NV by 19.7% in the second quarter. Pitcairn Co. now owns 9,117 shares of the company’s stock worth $421,000 after buying an additional 1,498 shares in the last quarter. Bank of Montreal Can bought a new position in Mobileye NV during the second quarter worth $12,910,000. Finally, Daiwa Securities Group Inc. raised its position in Mobileye NV by 76.8% in the second quarter. Daiwa Securities Group Inc. now owns 74,921 shares of the company’s stock worth $3,456,000 after buying an additional 32,546 shares in the last quarter.
Shares of Mobileye NV (NASDAQ:MBLY) traded down 1.22% during trading on Monday, hitting $42.05. The stock had a trading volume of 2,063,562 shares. The stock’s 50-day moving average price is $45.65 and its 200 day moving average price is $41.70. Mobileye NV has a 1-year low of $23.57 and a 1-year high of $52.00. The firm has a market capitalization of $9.22 billion and a P/E ratio of 107.82.
Mobileye NV (NASDAQ:MBLY) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company earned $83.50 million during the quarter, compared to the consensus estimate of $77.64 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 58.1% compared to the same quarter last year. On average, analysts anticipate that Mobileye NV will post $0.71 earnings per share for the current year.
A number of research analysts have recently weighed in on the company. Vetr upgraded Mobileye NV from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 22nd. SunTrust Banks Inc. assumed coverage on Mobileye NV in a report on Monday, September 19th. They issued a “buy” rating and a $63.00 target price on the stock. William Blair restated an “outperform” rating on shares of Mobileye NV in a report on Monday, September 19th. Wunderlich downgraded Mobileye NV from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Finally, Credit Agricole SA reaffirmed a “buy” rating and set a $58.00 price target on shares of Mobileye NV in a research report on Thursday, August 25th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.92.
About Mobileye NV
Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM).
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