Caxton Associates LLP Invests $422,000 in Mobileye Global Inc. $MBLY

Key Points

• Caxton Associates LLP acquired 29,298 shares of Mobileye Global Inc. for approximately $422,000 during the first quarter, indicating institutional interest in the tech company's stock.
• Analysts have varied opinions on Mobileye, with Wells Fargo boosting its price target to $24.00 and Bank of America reducing it to $16.00, resulting in a consensus price target of $19.59 and a current average rating of "Hold."
• Mobileye recently reported earnings of $0.13 per share for the quarter, surpassing estimates and showing a 15.3% revenue increase year-over-year.

Caxton Associates LLP purchased a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,298 shares of the company's stock, valued at approximately $422,000.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in Mobileye Global during the first quarter valued at $2,207,000. LPL Financial LLC raised its stake in shares of Mobileye Global by 27.5% during the 1st quarter. LPL Financial LLC now owns 188,698 shares of the company's stock worth $2,716,000 after purchasing an additional 40,724 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Mobileye Global by 16.2% during the 1st quarter. Raymond James Financial Inc. now owns 803,852 shares of the company's stock valued at $11,571,000 after buying an additional 111,785 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Mobileye Global in the 1st quarter valued at approximately $405,000. Finally, Vanguard Group Inc. grew its stake 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 valued at $25,611,000 after buying an additional 63,261 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mobileye Global

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction that occurred on 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 sale, the insider owned 50,000,000 shares of the company's stock, valued at $802,500,000. This represents a 56.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MBLY has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price target on shares of Mobileye Global in a research note on Friday, July 25th. TD Cowen lowered their price target on Mobileye Global from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Barclays boosted their price target on Mobileye Global from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group cut Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price target for the company. in a research note on Monday, June 9th. Finally, Mizuho lowered their price target on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.59.

Mobileye Global Trading Up 2.4%

Mobileye Global stock traded up $0.34 during trading hours on Thursday, reaching $14.59. 7,266,696 shares of the company were exchanged, compared to its average volume of 4,122,137. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of -4.00, a PEG ratio of 8.96 and a beta of 0.52. The stock has a 50-day moving average of $14.50 and a 200 day moving average of $15.10. Mobileye Global Inc. has a 12 month low of $11.12 and a 12 month high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $506.00 million during the quarter, compared to analysts' expectations of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The company's revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. As a group, research analysts forecast 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.