Baillie Gifford Amends Mobileye Global Stake (SC 13G/A)
Ticker: MBLY · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1910139
| Field | Detail |
|---|---|
| Company | Mobileye Global Inc. (MBLY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | medium |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: institutional-ownership, amendment, equity-holdings
TL;DR
**Baillie Gifford changed its Mobileye stake; watch for market reaction.**
AI Summary
Baillie Gifford & Co, a prominent investment management firm, filed an amended SC 13G/A on January 29, 2024, for Mobileye Global Inc. (MBLY). This filing indicates a change in their beneficial ownership of Mobileye's Class A Common Stock as of December 29, 2023. While the exact percentage change isn't detailed in the provided text, an amendment suggests a notable adjustment in their holdings, which could signal a shift in their investment conviction. This matters to investors because significant changes by large institutional holders like Baillie Gifford can influence market sentiment and potentially the stock's price, reflecting a re-evaluation of Mobileye's future prospects.
Why It Matters
This filing shows a major institutional investor, Baillie Gifford & Co, has adjusted its position in Mobileye, which can impact investor confidence and the stock's valuation.
Risk Assessment
Risk Level: medium — Changes in institutional ownership can introduce volatility and uncertainty, especially if the change is a significant reduction.
Analyst Insight
Investors should monitor Mobileye's stock performance and look for further details on Baillie Gifford's updated ownership percentage in subsequent filings or news to understand the magnitude and implications of this change.
Key Numbers
- 005-93811 — SEC File Number (identifies Mobileye Global Inc.'s registration with the SEC)
- 60741F104 — CUSIP Number (unique identifier for Mobileye Global Inc.'s Class A Common Stock)
- 20240129 — Filing Date (the date the amendment was filed with the SEC)
- 20231229 — Date of Event (the date of the ownership change that triggered the filing)
Key Players & Entities
- Mobileye Global Inc. (company) — the subject company whose securities are being reported
- Baillie Gifford & Co (company) — the reporting person, an investment management firm
- December 29, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
- Class A Common Stock (other) — the type of securities held by Baillie Gifford & Co
Forward-Looking Statements
- Mobileye Global Inc. stock price may experience short-term volatility. (Mobileye Global Inc.) — medium confidence, target: 2024-02-29
- Other institutional investors might re-evaluate their positions in Mobileye. (Mobileye Global Inc.) — low confidence, target: 2024-03-31
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who beneficially own more than 5% of a company's stock but do not intend to influence or control the company. The '/A' signifies an amendment, indicating a change in their previously reported ownership, as seen with Baillie Gifford & Co for Mobileye Global Inc. on January 29, 2024.
Who is the reporting entity in this SC 13G/A filing?
The reporting entity is BAILLIE GIFFORD & CO, an investment management firm located at CALTON SQUARE, 1 GREENSIDE ROW, EDINBURGH, X0 EH13AN, as stated in the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is Mobileye Global Inc., identified by the CIK 0001910139 and business address HAR HOTZVIM, 13 HARTOM STREET, P.O. BOX 45157, JERUSALEM, L3 97775.
What type of securities are involved in this filing?
The filing specifically concerns 'Class A Common Stock' of Mobileye Global Inc., as detailed under the 'Title of Class of Securities' section.
When was the event that triggered this amendment?
The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, indicating that Baillie Gifford & Co's beneficial ownership changed on or around this date, leading to the January 29, 2024, filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Mobileye Global Inc. (MBLY).