BARING ASSET MANAGEMENT Ltd decreased its holdings in shares of Mobileye BV (OTCMKTS:MBBYF) by 26.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 386,470 shares of the company’s stock after selling 136,472 shares during the period. Mobileye BV accounts for 1.4% of BARING ASSET MANAGEMENT Ltd’s portfolio, making the stock its 16th largest position. BARING ASSET MANAGEMENT Ltd owned approximately 0.17% of Mobileye BV worth $24,038,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. boosted its holdings in Mobileye BV by 3,937.9% in the first quarter. BlackRock Inc. now owns 5,498,463 shares of the company’s stock worth $337,606,000 after purchasing an additional 5,362,292 shares during the last quarter. Tyrus Capital S.A.M. boosted its holdings in Mobileye BV by 476.9% in the second quarter. Tyrus Capital S.A.M. now owns 6,000,000 shares of the company’s stock worth $376,800,000 after purchasing an additional 4,960,000 shares during the last quarter. Farallon Capital Management LLC boosted its holdings in Mobileye BV by 226.4% in the second quarter. Farallon Capital Management LLC now owns 5,907,500 shares of the company’s stock worth $370,991,000 after purchasing an additional 4,097,500 shares during the last quarter. FMR LLC raised its position in Mobileye BV by 50.0% in the second quarter. FMR LLC now owns 6,341,981 shares of the company’s stock worth $398,277,000 after acquiring an additional 2,115,253 shares during the period. Finally, Pine River Capital Management L.P. bought a new position in Mobileye BV in the second quarter worth approximately $102,452,000. 57.11% of the stock is owned by institutional investors and hedge funds.
MBBYF has been the topic of several recent analyst reports. BidaskClub downgraded shares of Mobileye BV from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Mizuho restated a “hold” rating and set a $63.54 price objective on shares of Mobileye BV in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.85.
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Mobileye BV (MBBYF) remained flat at $$62.73 during trading on Tuesday. 14,891 shares of the stock were exchanged, compared to its average volume of 26,751. Mobileye BV has a 52 week low of $33.69 and a 52 week high of $65.00. The company has a market capitalization of $13,922.16, a PE ratio of 125.40 and a beta of 0.87.
Mobileye BV 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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