LPL Financial LLC Grows Holdings in Mobileye Global Inc. $MBLY

LPL Financial LLC grew its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 27.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,698 shares of the company’s stock after buying an additional 40,724 shares during the quarter. LPL Financial LLC’s holdings in Mobileye Global were worth $2,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers acquired a new stake in shares of Mobileye Global during the 1st quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new stake in shares of Mobileye Global during the 4th quarter valued at approximately $40,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Mobileye Global by 108.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company’s stock valued at $87,000 after acquiring an additional 3,149 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Mobileye Global during the 1st quarter valued at approximately $158,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Mobileye Global during the 1st quarter valued at approximately $159,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Corp Intel sold 63,731,985 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the completion of the transaction, the insider owned 50,000,000 shares of the company’s stock, valued at $802,500,000. This trade represents a 56.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MBLY has been the topic of several research reports. UBS Group upped their price target on Mobileye Global from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Wells Fargo & Company increased their target price on Mobileye Global from $18.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Barclays increased their target price on Mobileye Global from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. TD Cowen dropped their target price on Mobileye Global from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their target price on Mobileye Global from $14.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Mobileye Global currently has an average rating of “Hold” and an average target price of $19.67.

Mobileye Global Stock Performance

Shares of MBLY opened at $14.01 on Monday. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of -3.84, a price-to-earnings-growth ratio of 9.18 and a beta of 0.52. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $22.51. The stock’s fifty day moving average is $15.91 and its 200-day moving average is $15.53.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%. The business had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $466.42 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

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.