Standard Life Investments LTD lowered its stake in Mobileye NV (NASDAQ:MBLY) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 1,293,266 shares of the company’s stock after selling 796 shares during the period. Standard Life Investments LTD’s holdings in Mobileye NV were worth $59,698,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MBLY. Sarasin & Partners LLP bought a new position in Mobileye NV during the second quarter valued at about $100,170,000. Bank of Montreal Can acquired a new position in Mobileye NV during the second quarter valued at $12,910,000. Eagle Asset Management Inc. boosted its position in Mobileye NV by 24.6% in the second quarter. Eagle Asset Management Inc. now owns 649,839 shares of the company’s stock valued at $29,983,000 after buying an additional 128,501 shares during the period. American Century Companies Inc. boosted 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 valued at $82,878,000 after buying an additional 121,230 shares during the period. Finally, Strs Ohio boosted its position in Mobileye NV by 50.0% in the second quarter. Strs Ohio now owns 225,000 shares of the company’s stock valued at $10,381,000 after buying an additional 75,000 shares during the period.
Shares of Mobileye NV (NASDAQ:MBLY) traded up 1.47% during midday trading on Wednesday, hitting $42.05. The stock had a trading volume of 1,609,097 shares. The company’s 50 day moving average is $45.32 and its 200 day moving average is $41.87. Mobileye NV has a 52 week low of $23.57 and a 52 week high of $52.00. The firm has a market cap of $9.22 billion and a P/E ratio of 107.82.
Mobileye NV (NASDAQ:MBLY) last released its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $83.50 million for the quarter, compared to analyst estimates of $77.64 million. During the same period in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 58.1% on a year-over-year basis. On average, equities analysts predict that Mobileye NV will post $0.71 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Mobileye NV in a report on Thursday, June 16th. Zacks Investment Research cut Mobileye NV from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $60.00 price objective (up previously from $50.00) on shares of Mobileye NV in a report on Monday, July 18th. William Blair reiterated an “outperform” rating on shares of Mobileye NV in a report on Wednesday, July 6th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $72.00 price objective on shares of Mobileye NV in a report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Mobileye NV currently has a consensus rating of “Buy” and an average 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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