Sei Investments Co. Decreases Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Sei Investments Co. lowered its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 51.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 69,657 shares of the company's stock after selling 74,403 shares during the period. Sei Investments Co.'s holdings in Mobileye Global were worth $1,956,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Register Financial Advisors LLC acquired a new position in shares of Mobileye Global in the first quarter valued at about $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $77,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global in the second quarter valued at approximately $84,000. Natixis Investment Managers International acquired a new stake in Mobileye Global during the first quarter worth approximately $99,000. Finally, Lipe & Dalton increased its stake in Mobileye Global by 53.6% during the 1st quarter. Lipe & Dalton now owns 4,300 shares of the company's stock worth $138,000 after acquiring an additional 1,500 shares during the period. 13.25% of the stock is owned by institutional investors.

Mobileye Global Price Performance

Shares of Mobileye Global stock traded up $0.54 during trading on Friday, reaching $12.93. 5,163,522 shares of the company traded hands, compared to its average volume of 4,809,597. The firm has a market capitalization of $10.46 billion, a PE ratio of -61.57 and a beta of 0.08. The company has a 50 day moving average price of $13.99 and a 200-day moving average price of $23.39. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $44.48.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company had revenue of $439.00 million for the quarter, compared to analysts' expectations of $424.34 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business's revenue was down 3.3% on a year-over-year basis. Equities research analysts expect that Mobileye Global Inc. will post -0.06 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on MBLY. Royal Bank of Canada cut their price objective on shares of Mobileye Global from $34.00 to $24.00 and set an "outperform" rating for the company in a research report on Wednesday, August 14th. Evercore ISI restated an "outperform" rating and set a $35.00 price objective on shares of Mobileye Global in a research report on Monday, August 26th. Fox Advisors downgraded Mobileye Global from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $15.00 price target on shares of Mobileye Global in a report on Tuesday, September 10th. Finally, UBS Group lowered Mobileye Global from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $20.00 to $14.00 in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.80.

Insider Activity at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 6,400 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $15.48 per share, with a total value of $99,072.00. Following the transaction, the director now owns 139,106 shares in the company, valued at $2,153,360.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Amnon Shashua acquired 631,963 shares of Mobileye Global stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the transaction, the chief executive officer now owns 4,080,097 shares of the company's stock, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger bought 6,400 shares of the business's stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the purchase, the director now directly owns 139,106 shares in the company, valued at approximately $2,153,360.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.