Polianta Ltd Has $1.32 Million Position in Mobileye Global Inc. (NASDAQ:MBLY)

Polianta Ltd lifted its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 139.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,100 shares of the company's stock after purchasing an additional 55,900 shares during the quarter. Mobileye Global comprises about 0.6% of Polianta Ltd's holdings, making the stock its 18th biggest holding. Polianta Ltd's holdings in Mobileye Global were worth $1,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new position in shares of Mobileye Global during the first quarter worth $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth about $77,000. Cranbrook Wealth Management LLC purchased a new position in shares of Mobileye Global in the second quarter valued at approximately $84,000. Natixis Investment Managers International acquired a new position in shares of Mobileye Global in the first quarter valued at approximately $99,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock worth $107,000 after buying an additional 3,478 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Amnon Shashua bought 631,963 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the transaction, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Patrick P. Gelsinger purchased 6,400 shares of the company's stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now owns 139,106 shares of the company's stock, valued at $2,153,360.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Amnon Shashua bought 631,963 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares of the company's stock, valued at $67,362,401.47. This trade represents 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 owned by company insiders.

Mobileye Global Price Performance

NASDAQ MBLY traded up $0.07 during trading hours on Monday, hitting $12.96. The company had a trading volume of 5,660,734 shares, compared to its average volume of 4,840,084. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of -61.71 and a beta of 0.08. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The firm's 50 day moving average is $13.30 and its 200 day moving average is $22.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 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 firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm's revenue was down 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Mobileye Global Inc. will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Daiwa Capital Markets lowered Mobileye Global from a "buy" rating to a "neutral" rating in a report on Monday, August 5th. Robert W. Baird dropped their price objective on shares of Mobileye Global from $40.00 to $29.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Finally, Westpark Capital reissued a "hold" rating on shares of Mobileye Global in a research report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.60.

Mobileye Global Company Profile

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.