Baillie Gifford Amends Mobileye Global Stake (SC 13G/A)
Ticker: MBLY · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z
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.
From the Filing
0001088875-24-000039.txt : 20240129 0001088875-24-000039.hdr.sgml : 20240129 20240129104454 ACCESSION NUMBER: 0001088875-24-000039 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mobileye Global Inc. CENTRAL INDEX KEY: 0001910139 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93811 FILM NUMBER: 24571148 BUSINESS ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 BUSINESS PHONE: 972 2 541 7333 MAIL ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Holdings Inc. DATE OF NAME CHANGE: 20220224 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Group Inc. DATE OF NAME CHANGE: 20220209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAILLIE GIFFORD & CO CENTRAL INDEX KEY: 0001088875 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: CALTON SQUARE STREET 2: 1 GREENSIDE ROW CITY: EDINBURGH STATE: X0 ZIP: EH13AN BUSINESS PHONE: 00441312752000 MAIL ADDRESS: STREET 1: CALTON SQUARE STREET 2: 1 GREENSIDE ROW CITY: EDINBURGH STATE: X0 ZIP: EH13AN SC 13G/A 1 Mobileye29122023.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 MOBILEYE GLOBAL INC. (Amendment No.2) ----------------------------------------------------------------------- (Name of Issuer) Class A Common Stock ----------------------------------------------------------------------- (Title of Class of Securities) 60741F104 ----------------------------------------------------------------------- (CUSIP Number) 29 December 2023 ----------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (3-06) CUSIP No. 60741F104 _______________________________________________________________________ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Baillie Gifford & Co (Scottish partnership) _______________________________________________________________________ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a).................................................................... (b).................................................................... _______________________________________________________________________ 3. SEC Use Only _______________________________________________________________________ 4. Citizenship or Place of Organization SCOTLAND UK _______________________________________________________________________ Number of 5. Sole Voting Power 7,144,261 Shares Bene ______________________________________________________ ficially by 6