Blair William & Co. IL Acquires 1,999 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Blair William & Co. IL raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 29.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,869 shares of the company’s stock after buying an additional 1,999 shares during the period. Blair William & Co. IL’s holdings in Mobileye Global were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cranbrook Wealth Management LLC bought a new stake in Mobileye Global in the second quarter valued at approximately $84,000. Mystic Asset Management Inc. raised its stake in Mobileye Global by 22.1% in the second quarter. Mystic Asset Management Inc. now owns 13,250 shares of the company’s stock valued at $372,000 after buying an additional 2,400 shares during the period. Envestnet Asset Management Inc. raised its stake in Mobileye Global by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 394,835 shares of the company’s stock valued at $11,089,000 after buying an additional 6,026 shares during the period. Thornburg Investment Management Inc. grew its position in shares of Mobileye Global by 20.0% in the second quarter. Thornburg Investment Management Inc. now owns 1,049,302 shares of the company’s stock valued at $29,465,000 after purchasing an additional 174,692 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of Mobileye Global in the second quarter valued at approximately $251,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of MBLY opened at $14.39 on Friday. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of -68.52 and a beta of 0.08. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The stock has a fifty day moving average of $14.91 and a 200-day moving average of $23.95.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the business posted $0.11 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Mobileye Global Inc. will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MBLY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 target price on shares of Mobileye Global in a research report on Tuesday, September 10th. Westpark Capital reaffirmed a “hold” rating on shares of Mobileye Global in a research report on Wednesday, July 31st. Wolfe Research downgraded Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Fox Advisors downgraded Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley raised Mobileye Global from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $25.00 to $18.00 in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global has a consensus rating of “Moderate Buy” and a consensus price target of $30.81.

Insiders Place Their Bets

In other Mobileye Global news, CEO Amnon Shashua purchased 631,963 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost 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. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Patrick P. Gelsinger bought 6,400 shares of Mobileye Global stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the purchase, the director now directly owns 139,106 shares in the company, valued at approximately $2,153,360.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amnon Shashua bought 631,963 shares of Mobileye Global stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the purchase, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

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.