Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,045 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 344.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,929 shares of the company’s stock after purchasing an additional 3,045 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mobileye Global were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Mobileye Global in the 3rd quarter valued at $35,000. Venturi Wealth Management LLC lifted its holdings in shares of Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Mobileye Global by 52.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,266 shares of the company’s stock worth $94,000 after purchasing an additional 784 shares in the last quarter. Lipe & Dalton bought a new position in Mobileye Global in the third quarter valued at approximately $116,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Mobileye Global by 163.7% in the fourth quarter. International Assets Investment Management LLC now owns 2,816 shares of the company’s stock valued at $122,000 after buying an additional 1,748 shares during the period. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MBLY shares. Royal Bank of Canada reduced their target price on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Raymond James reduced their price target on Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Mizuho cut their price objective on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. JPMorgan Chase & Co. lifted their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley cut Mobileye Global from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $26.00 to $25.00 in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Moderate Buy” and an average target price of $40.39.

Insider Transactions at Mobileye Global

In other news, Director Patrick P. Gelsinger purchased 1,611 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $28.17 per share, with a total value of $45,381.87. Following the acquisition, the director now owns 132,706 shares in the company, valued at approximately $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Mobileye Global news, Director Patrick P. Gelsinger purchased 2,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the transaction, the director now owns 131,095 shares in the company, valued at $3,609,045.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick P. Gelsinger acquired 1,611 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $28.17 per share, with a total value of $45,381.87. Following the completion of the acquisition, the director now directly owns 132,706 shares in the company, valued at $3,738,328.02. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Mobileye Global Price Performance

Shares of MBLY opened at $28.67 on Thursday. Mobileye Global Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $47.41. The firm has a market capitalization of $23.11 billion, a PE ratio of -136.52, a PEG ratio of 19.69 and a beta of 0.12. The company’s 50-day moving average is $29.89 and its 200-day moving average is $32.98.

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.