Mobileye Global Inc. (NASDAQ:MBLY) Shares Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLYFree Report) by 150.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 376,064 shares of the company’s stock after acquiring an additional 226,064 shares during the period. Capstone Investment Advisors LLC’s holdings in Mobileye Global were worth $16,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Mobileye Global in the fourth quarter worth about $437,842,000. Franklin Resources Inc. grew its holdings in Mobileye Global by 25.8% in the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock valued at $113,616,000 after buying an additional 538,371 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Mobileye Global by 2.0% during the 4th quarter. DAVENPORT & Co LLC now owns 1,956,339 shares of the company’s stock worth $85,109,000 after acquiring an additional 38,667 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Mobileye Global by 5.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,392,387 shares of the company’s stock valued at $61,042,000 after acquiring an additional 71,000 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Mobileye Global by 168.3% in the third quarter. Wellington Management Group LLP now owns 1,131,773 shares of the company’s stock valued at $47,025,000 after purchasing an additional 709,982 shares during the period. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

Shares of Mobileye Global stock traded down $0.47 on Wednesday, reaching $26.02. 1,192,592 shares of the company were exchanged, compared to its average volume of 4,130,973. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $47.41. The stock’s 50 day moving average price is $29.82 and its 200-day moving average price is $32.10. The company has a market cap of $20.98 billion, a P/E ratio of -123.90, a price-to-earnings-growth ratio of 16.82 and a beta of 0.12.

Mobileye Global (NASDAQ:MBLYGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $239.00 million during the quarter, compared to analyst estimates of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. On average, research analysts predict that Mobileye Global Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

MBLY has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Mobileye Global in a research note on Friday, April 26th. Piper Sandler upped their price target on Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their price objective on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Canaccord Genuity Group upped their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mobileye Global presently has an average rating of “Moderate Buy” and an average target price of $39.82.

Check Out Our Latest Report on MBLY

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $28.17 per share, with a total value of $45,381.87. Following the completion of the acquisition, the director now owns 132,706 shares in the company, valued at $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Patrick P. Gelsinger bought 1,611 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $28.17 per share, with a total value of $45,381.87. Following the transaction, the director now directly owns 132,706 shares in the company, valued at $3,738,328.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick P. Gelsinger purchased 2,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were purchased at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the transaction, the director now 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.

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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