Hsbc Holdings PLC Buys Shares of 28,017 Mobileye Global Inc. $MBLY

Hsbc Holdings PLC bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,017 shares of the company’s stock, valued at approximately $405,000.

Several other institutional investors have also added to or reduced their stakes in the business. DAVENPORT & Co LLC boosted its stake in Mobileye Global by 7.6% during the 1st quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company’s stock valued at $34,111,000 after purchasing an additional 167,333 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Mobileye Global by 32.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company’s stock valued at $28,822,000 after purchasing an additional 493,281 shares during the last quarter. Primecap Management Co. CA boosted its stake in Mobileye Global by 9.0% during the 1st quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company’s stock valued at $28,303,000 after purchasing an additional 161,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mobileye Global by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company’s stock valued at $25,611,000 after purchasing an additional 63,261 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Mobileye Global during the 4th quarter valued at $27,155,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Corp Intel sold 63,731,985 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the transaction, the insider directly owned 50,000,000 shares of the company’s stock, valued at approximately $802,500,000. This trade represents a 56.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MBLY shares. Wall Street Zen downgraded Mobileye Global from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Canaccord Genuity Group increased their price target on Mobileye Global from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on Mobileye Global from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. UBS Group increased their price target on Mobileye Global from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company increased their price target on Mobileye Global from $18.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.67.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $13.73 on Wednesday. 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 $15.46 and its 200 day moving average is $15.30. The stock has a market cap of $11.19 billion, a P/E ratio of -3.76, a P/E/G ratio of 9.18 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $466.42 million. During the same period last year, the firm earned $0.09 EPS. Mobileye Global’s revenue for the quarter was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. Analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current 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.