5 Investors Betting Big on Mobileye (MBLY) Stock

The future of Mobileye Global (NASDAQ: MBLY ) is looking increasingly questionable. Demand for self driving vehicle technology isn’t expected to slow down in 2024 as the driverless race picks up steam. But the Israel based company recently issued some less than ideal news. It warned investors that it expects to see customer orders for the chips it produces decrease by fairly significant margins during Q1 2024.

MBLY stock has been falling since the news broke and is currently down more than 25% for the day as bearish energy abounds. As InvestorPlace writer William White reports: As White also notes, this projection is likely to push Mobileye’s revenue for the year below Wall Street’s estimates. Trading volume has been heavy today as many investors move to trim their positions in MBLY stock.

What does this mean for the company’s institutional investment? Let’s take a look at its top investors. Top Investors Still Betting on MBLY Stock Of the mutual funds holding MBLY stock, Vanguard remains at the top of the list with 5,227,537 shares as of Aug. 30, 2023. The top institutional investors are as follows: On the date of publication, Samuel O’Brient did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

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