Slow Capital Inc. Has $624,000 Position in Mobileye Global Inc. (NASDAQ:MBLY)

Slow Capital Inc. cut its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 54.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,557 shares of the company's stock after selling 55,079 shares during the quarter. Slow Capital Inc.'s holdings in Mobileye Global were worth $624,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Perigon Wealth Management LLC raised its holdings in shares of Mobileye Global by 6.7% during the first quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company's stock worth $341,000 after purchasing an additional 664 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Mobileye Global by 9.9% during the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company's stock worth $277,000 after buying an additional 774 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global in the first quarter valued at approximately $32,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock worth $203,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc grew its stake in shares of Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after buying an additional 1,257 shares during the period. Institutional investors and hedge funds own 13.25% of the company's stock.

Wall Street Analyst Weigh In

MBLY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $15.00 target price on shares of Mobileye Global in a research note on Tuesday, September 10th. Evercore ISI lowered their target price on shares of Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, October 14th. Daiwa Capital Markets downgraded Mobileye Global from a "buy" rating to a "neutral" rating in a report on Monday, August 5th. Robert W. Baird reduced their price objective on Mobileye Global from $40.00 to $29.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Finally, Fox Advisors downgraded shares of Mobileye Global from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.55.

Insider Activity at Mobileye Global

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

Mobileye Global Stock Down 0.7 %

Shares of NASDAQ:MBLY traded down $0.09 during midday trading on Friday, reaching $12.79. 3,885,397 shares of the company were exchanged, compared to its average volume of 4,866,982. The firm has a market cap of $10.35 billion, a PE ratio of -60.90 and a beta of 0.08. The stock has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $22.11. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $44.48.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company's revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, analysts forecast that Mobileye Global Inc. will post -0.06 earnings per share for the current year.

Mobileye Global 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.