Today: Today: Concert Wealth Management Inc. Invests $232,000 in Mobileye NV (MBLY)

Today: Concert Wealth Management Inc. Invests $232,000 in Mobileye NV (MBLY)

Concert Wealth Management Inc. bought a new position in shares of Mobileye NV (NASDAQ:MBLY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,026 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MBLY. Sigma Planning Corp increased its position in shares of Mobileye NV by 0.7% in the second quarter. Sigma Planning Corp now owns 5,798 shares of the company’s stock worth $268,000 after buying an additional 40 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Mobileye NV by 14.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock worth $117,000 after buying an additional 321 shares during the period. Howland Capital Management LLC increased its position in shares of Mobileye NV by 0.8% in the second quarter. Howland Capital Management LLC now owns 136,328 shares of the company’s stock worth $6,290,000 after buying an additional 1,106 shares during the period. Pitcairn Co. increased its position in shares of 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 during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Mobileye NV by 137.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,973 shares of the company’s stock worth $183,000 after buying an additional 2,303 shares during the period.

Mobileye NV (NASDAQ:MBLY) last posted its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $83.50 million for the quarter, compared to the consensus estimate of $77.64 million. The business’s quarterly revenue was up 58.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS.

A number of research analysts have commented on the company. Deutsche Bank AG restated a “buy” rating and issued a $72.00 target price on shares of Mobileye NV in a research note on Friday. Dougherty & Co reaffirmed a “neutral” rating on shares of Mobileye NV in a research report on Tuesday, July 5th. Zacks Investment Research raised Mobileye NV from a “sell” rating to a “hold” rating in a research report on Saturday, July 30th. Barclays PLC reaffirmed an “overweight” rating and issued a $60.00 price target (up previously from $50.00) on shares of Mobileye NV in a research report on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. cut Mobileye NV from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. 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. Mobileye NV presently 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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