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PFG Investments LLC Buys New Position in Mobileye Global Inc. (NASDAQ:MBLY)

Mobileye Global logo with Auto/Tires/Trucks background

PFG Investments LLC bought a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 46,349 shares of the company's stock, valued at approximately $635,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position 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 valued at $162,000 after buying an additional 1,470 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Mobileye Global by 5.8% during the 1st quarter. SeaCrest Wealth Management LLC now owns 36,249 shares of the company's stock valued at $1,165,000 after buying an additional 1,994 shares in the last quarter. Taylor Frigon Capital Management LLC purchased a new stake in shares of Mobileye Global during the 1st quarter valued at $3,702,000. Baillie Gifford & Co. grew its holdings in shares of Mobileye Global by 89.8% during the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company's stock valued at $513,925,000 after purchasing an additional 7,560,929 shares during the last quarter. Finally, Tobam bought a new position in shares of Mobileye Global during the 1st quarter valued at $7,168,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Up 1.9 %

Mobileye Global stock traded up $0.25 during trading hours on Tuesday, hitting $13.27. The stock had a trading volume of 5,076,513 shares, compared to its average volume of 4,831,493. The stock has a market capitalization of $10.73 billion, a P/E ratio of -63.17 and a beta of 0.08. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48. The stock's 50-day moving average price is $12.83 and its 200-day moving average price is $21.04.

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

Analyst Ratings Changes

Several equities analysts recently commented on MBLY shares. Westpark Capital reaffirmed a "hold" rating on shares of Mobileye Global in a report on Wednesday, July 31st. The Goldman Sachs Group reduced their target price on shares of Mobileye Global from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Hsbc Global Res raised shares of Mobileye Global to a "strong-buy" rating in a report on Monday, July 15th. Morgan Stanley raised shares of Mobileye Global from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $25.00 to $18.00 in a report on Friday, August 2nd. Finally, Mizuho lowered shares of Mobileye Global from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $13.00 in a report on Friday, October 11th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.55.

Get Our Latest Analysis on Mobileye Global

Insider Activity

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

About Mobileye Global

(Free Report)

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.

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Institutional Ownership by Quarter for Mobileye Global (NASDAQ:MBLY)

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