Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Northern Trust Corp

Northern Trust Corp decreased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 218,625 shares of the company’s stock after selling 4,342 shares during the period. Northern Trust Corp’s holdings in Mobileye Global were worth $4,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daymark Wealth Partners LLC increased its position in shares of Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after acquiring an additional 1,147 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Mobileye Global during the 4th quarter worth $1,138,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mobileye Global during the 4th quarter worth $58,000. Drive Wealth Management LLC acquired a new stake in Mobileye Global in the 4th quarter valued at $950,000. Finally, Slow Capital Inc. raised its position in Mobileye Global by 440.7% in the fourth quarter. Slow Capital Inc. now owns 246,314 shares of the company’s stock valued at $4,907,000 after purchasing an additional 200,757 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the sale, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $15.78 on Thursday. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $33.26. The firm’s 50-day simple moving average is $14.52 and its 200-day simple moving average is $16.19. The firm has a market cap of $12.81 billion, a PE ratio of -4.13, a price-to-earnings-growth ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Mobileye Global’s revenue for the quarter was up 83.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, equities analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MBLY shares. Mizuho decreased their target price on Mobileye Global from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on Mobileye Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Thursday, April 17th. BNP Paribas upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price target for the company in a report on Wednesday, April 23rd. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Finally, StockNews.com raised shares of Mobileye Global to a “sell” rating in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.63.

Mobileye Global Company 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.