Mobileye Global Inc. (NASDAQ:MBLY) Holdings Raised by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,369,612 shares of the company's stock after buying an additional 167,333 shares during the period. DAVENPORT & Co LLC owned 0.29% of Mobileye Global worth $34,111,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Mobileye Global during the 4th quarter valued at about $95,937,000. Dimensional Fund Advisors LP acquired a new position in Mobileye Global during the 4th quarter valued at about $27,155,000. Light Street Capital Management LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $15,276,000. Yiheng Capital Management L.P. acquired a new position in Mobileye Global during the 4th quarter valued at about $14,940,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $13,897,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY traded up $0.21 during mid-day trading on Friday, hitting $19.12. The stock had a trading volume of 1,551,554 shares, compared to its average volume of 5,457,671. The company has a market cap of $15.53 billion, a PE ratio of -5.20, a P/E/G ratio of 172.25 and a beta of 0.54. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $28.73. The company's 50 day moving average is $16.25 and its 200-day moving average is $16.08.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. The company had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The company's revenue was up 83.3% compared to the same quarter last year. On average, equities research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MBLY has been the subject of a number of analyst reports. Mizuho reduced 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 note on Friday, April 25th. Needham & Company LLC reduced their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Piper Sandler upped their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. reduced their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group reduced their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global presently has a consensus rating of "Hold" and an average target price of $18.63.

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.