29,298 Shares in Mobileye Global Inc. $MBLY Acquired by Caxton Associates LLP

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 position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 29,298 shares of the company's stock, valued at approximately $422,000.

Other large investors also recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new position in Mobileye Global in the 1st quarter worth approximately $27,000. PNC Financial Services Group Inc. lifted its holdings in Mobileye Global by 1,799.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock worth $84,000 after purchasing an additional 5,543 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Mobileye Global by 108.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock worth $87,000 after purchasing an additional 3,149 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Mobileye Global in the 1st quarter worth approximately $158,000. Finally, Apollon Wealth Management LLC purchased a new position in Mobileye Global in the 1st quarter worth approximately $159,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Bank of America reduced their price objective on Mobileye Global from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday. The Goldman Sachs Group downgraded Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price objective on the stock. in a research note on Monday, June 9th. Mizuho reduced their price objective on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.59.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $13.61 on Friday. The company has a market cap of $11.09 billion, a P/E ratio of -3.73, a P/E/G ratio of 8.87 and a beta of 0.52. The business's 50 day moving average price is $14.80 and its 200-day moving average price is $15.15. Mobileye Global Inc. has a fifty-two week low of $10.50 and a fifty-two week high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released 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. The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate 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 for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Insider Buying and Selling at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of the business'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 transaction, the insider owned 50,000,000 shares of the company's stock, valued at approximately $802,500,000. The trade was a 56.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.

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