Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by PFG Investments LLC

PFG Investments LLC cut its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 36.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,951 shares of the company’s stock after selling 10,673 shares during the period. PFG Investments LLC’s holdings in Mobileye Global were worth $273,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in shares of Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after buying an additional 737 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after buying an additional 932 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the first quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mobileye Global during the fourth quarter worth $40,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Mobileye Global during the fourth quarter worth $40,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MBLY. TD Cowen upped their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Mizuho dropped their price objective on shares of Mobileye Global from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Piper Sandler upped their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Finally, BNP Paribas raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price objective for the company in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mobileye Global has an average rating of “Hold” and an average target price of $18.63.

Insider Activity at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president now directly owns 107,853 shares in the company, valued at $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Mobileye Global Stock Performance

Shares of MBLY opened at $17.92 on Thursday. The stock has a market capitalization of $14.55 billion, a PE ratio of -4.87, a P/E/G ratio of 162.05 and a beta of 0.48. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $28.73. The company’s 50-day simple moving average is $15.46 and its 200-day simple moving average is $16.06.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share 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 net margin of 160.50% and a positive return on equity of 0.54%. The firm’s revenue was up 83.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share. On average, sell-side analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

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.