CenterBook Partners LP Invests $1.18 Million in Mobileye Global Inc. (NASDAQ:MBLY)

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

A number of other large investors have also made changes to their positions in MBLY. Rhumbline Advisers acquired a new position in Mobileye Global during the first quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mobileye Global during the fourth quarter worth $40,000. Ancora Advisors LLC acquired a new position in Mobileye Global during the fourth quarter worth $40,000. Allianz SE acquired a new position in Mobileye Global during the fourth quarter worth $43,000. Finally, PNC Financial Services Group Inc. lifted its stake in Mobileye Global by 1,799.7% during the first 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. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Mobileye Global stock traded down $0.22 during trading on Friday, reaching $16.05. 4,589,688 shares of the company's stock were exchanged, compared to its average volume of 5,836,790. The company's 50-day moving average is $16.62 and its two-hundred day moving average is $15.89. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $25.09. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of -4.36, a PEG ratio of 22.38 and a beta of 0.54.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $438.00 million during 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 period in the prior year, the company posted ($0.07) EPS. Analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

MBLY has been the topic of a number of analyst reports. Mizuho raised their price target on Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Needham & Company LLC cut their price target on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group cut Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price target on the stock. in a research note on Monday, June 9th. Robert W. Baird raised their price target on Mobileye Global from $19.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. raised their price target on Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $19.21.

Insider Activity

In related news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction dated 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 sale, the executive vice president owned 107,853 shares in the company, valued at $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction dated 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 sale, the insider owned 50,000,000 shares in the company, valued at approximately $802,500,000. This trade represents a 56.04% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

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.