Mobileye Global Inc. (NASDAQ:MBLY) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Mobileye Global Inc. (NASDAQ:MBLY) by 39.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,544 shares of the company’s stock after acquiring an additional 4,141 shares during the period. Commonwealth Equity Services LLC’s holdings in Mobileye Global were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MBLY. Charles Schwab Investment Management Inc. boosted its holdings in Mobileye Global by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 422,384 shares of the company’s stock valued at $18,298,000 after purchasing an additional 11,617 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Mobileye Global in the 4th quarter valued at approximately $28,000. Wells Fargo & Company MN boosted its stake in shares of Mobileye Global by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock valued at $11,430,000 after buying an additional 34,763 shares in the last quarter. US Bancorp DE grew its holdings in Mobileye Global by 55.5% during the fourth quarter. US Bancorp DE now owns 70,186 shares of the company’s stock worth $3,040,000 after acquiring an additional 25,061 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Mobileye Global by 41.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,706 shares of the company’s stock worth $680,000 after acquiring an additional 4,585 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 7.3 %

Shares of NASDAQ MBLY opened at $12.38 on Monday. The firm has a 50-day moving average of $16.22 and a two-hundred day moving average of $24.42. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of -58.95 and a beta of 0.08. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $439.00 million during 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% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. As a group, research analysts predict that Mobileye Global Inc. will post -0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MBLY shares. Needham & Company LLC reduced their price target on shares of Mobileye Global from $36.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Finally, BNP Paribas cut shares of Mobileye Global from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.81.

Insider Activity

In related news, Director Patrick P. Gelsinger purchased 6,400 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $2,153,360.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Amnon Shashua purchased 631,963 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was 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 of the company’s stock, valued at $67,362,401.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick P. Gelsinger purchased 6,400 shares of Mobileye Global stock in a transaction on Monday, August 5th. The stock was bought 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 owns 139,106 shares in the company, valued at $2,153,360.88. The disclosure for this purchase can be found here. Corporate 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.