MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Mobileye Global Inc. $MBLY

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 33.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 220,649 shares of the company’s stock after purchasing an additional 55,713 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Mobileye Global were worth $3,176,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. DAVENPORT & Co LLC boosted its stake in shares of Mobileye Global by 7.6% in the first 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 period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Mobileye Global by 32.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company’s stock worth $28,822,000 after acquiring an additional 493,281 shares during the period. Primecap Management Co. CA increased its holdings in shares of Mobileye Global by 9.0% in the 1st quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company’s stock worth $28,303,000 after acquiring an additional 161,800 shares during the period. Vanguard Group Inc. increased its holdings in shares of Mobileye Global by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company’s stock worth $25,611,000 after acquiring an additional 63,261 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Mobileye Global by 433.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company’s stock valued at $12,837,000 after buying an additional 724,695 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MBLY. The Goldman Sachs Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Monday, June 9th. UBS Group upped their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. TD Cowen reduced their price target on shares of Mobileye Global from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, July 25th. Robert W. Baird dropped their price objective on Mobileye Global from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, September 3rd. Finally, Canaccord Genuity Group increased their price objective on Mobileye Global from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.59.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $13.61 on Friday. The stock has a market cap of $11.09 billion, a PE ratio of -3.73, a PEG ratio of 8.87 and a beta of 0.52. The business has a fifty day moving average of $14.80 and a two-hundred day moving average of $15.15. Mobileye Global Inc. has a 52-week low of $10.50 and a 52-week high of $22.51.

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 analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. Analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Insider Activity

In other news, major shareholder Corp Intel sold 63,731,985 shares of the business’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 directly owned 50,000,000 shares in the company, valued at approximately $802,500,000. The trade was a 56.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.80% 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.