PNC Financial Services Group Inc. Acquires 1,470 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

PNC Financial Services Group Inc. increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 64.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,736 shares of the company’s stock after buying an additional 1,470 shares during the period. PNC Financial Services Group Inc.’s holdings in Mobileye Global were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after acquiring an additional 2,266,438 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in Mobileye Global by 73.6% in the fourth quarter. HITE Hedge Asset Management LLC now owns 61,323 shares of the company’s stock valued at $2,657,000 after purchasing an additional 25,990 shares during the last quarter. Pinebridge Investments L.P. grew its stake in Mobileye Global by 70.4% in the fourth quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock valued at $10,537,000 after purchasing an additional 100,494 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Mobileye Global by 1.1% in the fourth quarter. Stephens Investment Management Group LLC now owns 72,656 shares of the company’s stock worth $3,147,000 after purchasing an additional 779 shares in the last quarter. Finally, Kodai Capital Management LP purchased a new stake in shares of Mobileye Global during the fourth quarter valued at about $148,924,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $27.43 on Thursday. The firm’s fifty day moving average is $27.90 and its two-hundred day moving average is $29.73. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of -130.62, a PEG ratio of 43.68 and a beta of 0.07. Mobileye Global Inc. has a one year low of $23.49 and a one year high of $45.10.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $239.00 million during the quarter, compared to analysts’ expectations of $226.60 million. Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. As a group, equities research analysts predict that Mobileye Global Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MBLY shares. Morgan Stanley lowered shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $26.00 to $25.00 in a research note on Friday, April 26th. Piper Sandler raised their price objective on Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a research note on Friday, April 26th. Finally, Canaccord Genuity Group upped their price objective on shares of Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global has a consensus rating of “Moderate Buy” and an average target price of $39.19.

Insiders Place Their Bets

In other news, Director Patrick P. Gelsinger bought 2,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $27.53 per share, with a total value of $55,060.00. Following the acquisition, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mobileye Global news, Director Patrick P. Gelsinger purchased 1,611 shares of the stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the transaction, the director now owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick P. Gelsinger acquired 2,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average price of $27.53 per share, with a total value of $55,060.00. Following the completion of the transaction, the director now directly owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

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.