Mobileye Global Inc. (NASDAQ:MBLY) Shares Acquired by Country Club Bank

Country Club Bank raised its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 139.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 288,867 shares of the company's stock after buying an additional 168,188 shares during the period. Country Club Bank's holdings in Mobileye Global were worth $4,157,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in Mobileye Global in the 1st quarter worth about $32,000. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global during the 2nd quarter worth approximately $84,000. Natixis Investment Managers International acquired a new position in shares of Mobileye Global during the 1st quarter worth approximately $99,000. PNC Financial Services Group Inc. boosted its holdings in shares of Mobileye Global by 64.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company's stock worth $162,000 after purchasing an additional 1,470 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 3,478 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mobileye Global

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on MBLY. Mizuho cut Mobileye Global from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $30.00 to $13.00 in a report on Friday, October 11th. Needham & Company LLC lowered their target price on Mobileye Global from $36.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Robert W. Baird lowered their target price on Mobileye Global from $40.00 to $29.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group decreased their price objective on Mobileye Global from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mobileye Global has an average rating of "Hold" and a consensus price target of $25.55.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded up $0.16 during trading hours on Friday, reaching $12.67. 3,135,409 shares of the company were exchanged, compared to its average volume of 4,836,762. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48. The stock's fifty day moving average is $12.91 and its 200 day moving average is $21.37. The firm has a market cap of $10.25 billion, a PE ratio of -45.25 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.09 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 positive return on equity of 1.32% and a negative net margin of 12.14%. Mobileye Global's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Research analysts expect 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.