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Mobileye NV (MBLY) Pops Then Drops On Short-Lived Positivity but Hedge Funds Love the Stock

How have ‘hedgies’ been trading Mobileye NV (NYSE:MBLY)?

According to our database, Senator Investment Group, managed by Doug Silverman and Alexander Klabin, holds the most valuable position in Mobileye NV (NYSE:MBLY), owning 2.15 million shares, valued at $90.4 million. Coming in second is James Dinan of York Capital Management, with a $68.7 million position held in 1.63 million shares. Some other ‘hedgies’ that are bullish on the stock include Alexander Mitchell’s Scopus Asset Management, Ken Griffin’s Citadel Investment Group and Dmitry Balyasny’s Balyasny Asset Management.

As aggregate interest increased, specific money managers were breaking ground themselves. It should be noted that the previously-mentioned Senator Investment Group, York Capital Management Citadel Investment Group, and Balyasny Asset Management initiated their Mobileye NV (NYSE:MBLY) stakes just in the first quarter, meaning that the largest investors in the stock among the funds we track went long in the stock just recently. Meanwhile, Alexander Mitchell‘s Scopus Asset Management also bought 906,178 shares during the first quarter.

As we can see, the world’s best money managers are going long in this stock. The very bullish sentiment from hedge funds make us also recommend a long position in Mobileye NV (NYSE:MBLY), particularly because vehicle safety and driver assistance systems should be a growth industry in years to come as people, car makers and regulators prioritize the safety of drivers, passengers and pedestrians. Mobileye also has technologies that can be used in driverless cars, another segment that a lot of other companies are putting resources in.

Disclosure: None

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