Mobileye Global Inc. (NASDAQ:MBLY) Shares Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 42.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,036 shares of the company's stock after buying an additional 22,300 shares during the quarter. Arcadia Investment Management Corp MI's holdings in Mobileye Global were worth $1,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rhumbline Advisers bought a new stake in shares of Mobileye Global in the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global in the 4th quarter valued at about $40,000. Ancora Advisors LLC bought a new stake in shares of Mobileye Global in the 4th quarter valued at about $40,000. Allianz SE bought a new stake in shares of Mobileye Global in the 4th quarter valued at about $43,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Mobileye Global by 1,795.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,033 shares of the company's stock valued at $60,000 after purchasing an additional 2,873 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

Mobileye Global Trading Down 3.6%

Shares of MBLY stock traded down $0.63 during trading hours on Thursday, hitting $16.70. The company's stock had a trading volume of 32,362,078 shares, compared to its average volume of 4,938,274. The company has a 50 day moving average of $16.45 and a 200 day moving average of $16.10. The stock has a market cap of $13.56 billion, a PE ratio of -4.54, a price-to-earnings-growth ratio of 168.27 and a beta of 0.54. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $27.68.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. The business had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same period in the prior year, the firm earned ($0.07) EPS. The business's revenue for the quarter was up 83.3% on a year-over-year basis. As a group, analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of the transaction, the executive vice president directly owned 107,853 shares in the company, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MBLY shares. Robert W. Baird boosted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. TD Cowen boosted their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Wells Fargo & Company boosted their price objective on shares of Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday. BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price objective for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $19.05.

Mobileye Global 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.