Mobileye Global Inc. $MBLY Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,877 shares of the company’s stock after selling 3,225 shares during the quarter. AlphaQuest LLC’s holdings in Mobileye Global were worth $411,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Mobileye Global by 41.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,704 shares of the company’s stock worth $570,000 after acquiring an additional 11,084 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Mobileye Global by 7.6% in 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. Harel Insurance Investments & Financial Services Ltd. grew its stake 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 buying an additional 3,149 shares during the period. Impax Asset Management Group plc increased its holdings in shares of Mobileye Global by 17.8% during the 1st quarter. Impax Asset Management Group plc now owns 77,142 shares of the company’s stock worth $1,110,000 after buying an additional 11,642 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Mobileye Global by 10.2% in the 1st quarter. Bank of New York Mellon Corp now owns 84,621 shares of the company’s stock worth $1,218,000 after buying an additional 7,808 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Trading Down 2.1%

Shares of MBLY stock opened at $13.13 on Thursday. The firm has a fifty day simple moving average of $14.29 and a 200-day simple moving average of $15.07. The company has a market capitalization of $10.70 billion, a PE ratio of -31.26, a price-to-earnings-growth ratio of 8.36 and a beta of 0.52. Mobileye Global Inc. has a twelve month low of $11.58 and a twelve month high of $22.51.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $504.00 million for the quarter, compared to the consensus estimate of $479.93 million. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Equities research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on MBLY. Barclays boosted their price target on Mobileye Global from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Wells Fargo & Company increased their target price on shares of Mobileye Global from $18.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada raised their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “sector perform” rating in a report on Tuesday, July 29th. Bank of America decreased their price objective on shares of Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mobileye Global in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.59.

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.