CenterBook Partners LP Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

CenterBook Partners LP purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,044 shares of the company's stock, valued at approximately $1,181,000.

A number of other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers acquired a new position in shares of Mobileye Global during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mobileye Global during the 4th quarter worth approximately $40,000. Ancora Advisors LLC acquired a new stake in shares of Mobileye Global during the 4th quarter worth approximately $40,000. Allianz SE acquired a new stake in shares of Mobileye Global during the 4th quarter worth approximately $43,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Mobileye Global by 1,799.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock worth $84,000 after acquiring an additional 5,543 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Insider Buying and Selling at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the sale, the executive vice president directly owned 107,853 shares in the company, valued at approximately $1,735,354.77. This represents a 38.49% decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MBLY. JPMorgan Chase & Co. increased their price target on shares of Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research report on Thursday. Robert W. Baird raised their target price on shares of Mobileye Global from $19.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. TD Cowen raised their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Needham & Company LLC cut their target price on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company raised their target price on shares of Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.21.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded down $0.22 during trading on Friday, hitting $16.05. The company's stock had a trading volume of 4,589,688 shares, compared to its average volume of 5,826,209. The company has a market capitalization of $13.03 billion, a PE ratio of -4.36, a P/E/G ratio of 26.01 and a beta of 0.54. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $27.25. The company has a fifty day simple moving average of $16.63 and a two-hundred day simple moving average of $15.98.

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

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.