Norges Bank Investment Management has recently announced that it has increased stake in Mobileye Global Inc (NASDAQ:MBLY) by 0.31%. After grabbing 12.12 million shares, the institutional investor is now in possession of 38057.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 12.81% having worth around $525.21 million. Moreover, T. Rowe Price Investment Manageme increased its share by 1.01 million to have a control over 8.11 million shares. And Millennium Management LLC raised its holdings to 2.92 million shares by acquiring 5.88 million shares or 6.21% of the stake.
Mobileye Global Inc (MBLY) concluded trading on Wednesday at a closing price of $27.62, with 5.4 million shares of worth about $149.17 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.62% during that period and On Wednesday, January 24 the price saw a loss of about -2.85%. Currently the company’s common shares owned by public are about 805.66M shares, out of which, 88.51M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 39,243,361 shares in 10 of the transactions. In 1 selling transactions, insiders dumped 38,500,000 shares.
Government Pension Fund – Global, Vanguard International Growth Fun, and T Rowe Price Capital Appreciation are the top 3 mutual funds which are holding stakes in Mobileye Global Inc Government Pension Fund – Global is currently holding 12.07 million shares of worth totaling $522.74 million. The company recently came buying 12.07 million shares which brought its stake up to 12.75% of the company’s outstanding shares. Vanguard International Growth Fun bought 1.44 million shares, after which its hold over company’s outstanding shares expand to 5.52%, leaving 5.23 million shares with the mutual fund that have a worth of about $226.46 million. T Rowe Price Capital Appreciation, after buying 4.58 million shares, have now control over 4.84% of the stake in the company. It holds 0.0 shares of worth $198.6 million.
However, the stock later moved at a day high price of 28.68, or with a loss of -2.85%. Stock saw a price change of -2.68% in past 5 days and over the past one month there was a price change of -35.63%. Year-to-date (YTD), MBLY shares are showing a performance of -36.24% which decreased to -21.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.29 but also hit the highest price of $48.11 during that period. The average intraday trading volume for Mobileye Global Inc shares is 3.61 million. The stock is currently trading -19.52% below its 20-day simple moving average (SMA20), while that difference is down -27.86% for SMA50 and it goes to -28.84% lower than SMA200.
Norges Bank Investment Management acquired 12.12 million shares of Mobileye Global Inc having value of about $525.21 million. Data submitted at the U.S SEC by Norges Bank Investment Management revealed that the firm now holds 38057.0 shares in the company valued at close to $1051134.34, or have control over 0.31% stake in the company. Mobileye Global Inc (NASDAQ: MBLY) currently have 805.66M outstanding shares and institutions hold larger chunk of about 13.34% of that. Holding of mutual funds in the company is about 47.13% while other institutional holders and individual stake holders have control over 66.89% and 0.85% of the stake respectively.
The stock has a current market capitalization of $22.25B and its 3Y-monthly beta is at -0.37. It has posted earnings per share of -$0.07 in the same period. It has Quick Ratio of 3.97 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MBLY, volatility over the week remained 4.46% while standing at 4.73% over the month.
Analysts are in expectations that Mobileye Global Inc (MBLY) stock would likely to be making an EPS of $MISSION VALLEY BANCORP (SUN VAL in the current quarter, while forecast for next quarter EPS is $15.00 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $MORRIS ST BANCSHARES INC which is $MBLC at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $MEDIABAY INC in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.91% while it is estimated to decrease by -48.32% in next year.
