Birch Hill Investment Advisors LLC Sells 102,013 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Birch Hill Investment Advisors LLC lessened its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 22.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 351,620 shares of the company's stock after selling 102,013 shares during the period. Birch Hill Investment Advisors LLC's holdings in Mobileye Global were worth $5,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC acquired a new stake in shares of Mobileye Global in the 1st quarter valued at $2,207,000. Tobam lifted its stake in shares of Mobileye Global by 632.1% in the 1st quarter. Tobam now owns 26,640 shares of the company's stock valued at $383,000 after purchasing an additional 23,001 shares during the last quarter. Polianta Ltd lifted its stake in shares of Mobileye Global by 20.2% in the 1st quarter. Polianta Ltd now owns 78,600 shares of the company's stock valued at $1,131,000 after purchasing an additional 13,200 shares during the last quarter. RFG Advisory LLC acquired a new stake in shares of Mobileye Global in the 1st quarter valued at $252,000. Finally, Green Alpha Advisors LLC lifted its stake in shares of Mobileye Global by 37.4% in the 1st quarter. Green Alpha Advisors LLC now owns 37,989 shares of the company's stock valued at $547,000 after purchasing an additional 10,338 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Trading Up 2.1%

NASDAQ MBLY traded up $0.31 on Wednesday, reaching $15.29. The company's stock had a trading volume of 2,060,168 shares, compared to its average volume of 5,382,335. The firm has a market cap of $12.42 billion, a PE ratio of -4.15, a price-to-earnings-growth ratio of 135.23 and a beta of 0.48. The business has a 50-day moving average price of $15.09 and a 200 day moving average price of $16.08. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $28.73.

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

Wall Street Analyst Weigh In

MBLY has been the subject of a number of research analyst reports. BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. TD Cowen boosted their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Mizuho cut their target price on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Needham & Company LLC cut their target price on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.63.

Insider Activity at Mobileye Global

In related news, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 107,853 shares of the company's stock, valued at $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

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.