Raymond James & Associates Has $8.36 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Raymond James & Associates boosted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 81.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 609,841 shares of the company's stock after purchasing an additional 273,424 shares during the period. Raymond James & Associates owned about 0.08% of Mobileye Global worth $8,355,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Mobileye Global by 64.9% in 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. Baillie Gifford & Co. boosted its stake in shares of Mobileye Global by 89.8% in 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 in the last quarter. Tobam bought a new stake in shares of Mobileye Global in the 1st quarter worth about $7,168,000. Carson Advisory Inc. acquired a new stake in shares of Mobileye Global during the 1st quarter worth about $240,000. Finally, DAVENPORT & Co LLC increased its position in shares of Mobileye Global by 20.9% during the 1st quarter. DAVENPORT & Co LLC now owns 2,364,377 shares of the company's stock worth $76,519,000 after purchasing an additional 408,038 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mobileye Global

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

Mobileye Global Price Performance

Shares of Mobileye Global stock traded down $0.85 on Wednesday, hitting $12.42. 7,643,544 shares of the company's stock traded hands, compared to its average volume of 4,844,958. The firm's 50-day moving average price is $12.83 and its two-hundred day moving average price is $21.04. The stock has a market capitalization of $10.05 billion, a PE ratio of -63.17 and a beta of 0.08. Mobileye Global Inc. has a one year low of $10.48 and a one 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 EPS for the quarter, beating 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 business had revenue of $439.00 million during the quarter, compared to analysts' expectations of $424.34 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm's quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts forecast that Mobileye Global Inc. will post -0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MBLY has been the topic of several research analyst reports. Robert W. Baird decreased 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 note on Friday, August 2nd. Westpark Capital reaffirmed a "hold" rating on shares of Mobileye Global in a report on Wednesday, July 31st. HSBC assumed coverage on Mobileye Global in a research report on Monday, July 15th. They issued a "buy" rating and a $33.00 price objective for the company. Hsbc Global Res upgraded Mobileye Global to a "strong-buy" rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group cut their price target on Mobileye Global from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $25.55.

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.