Eagle Global Advisors LLC Sells 27,300 Shares of Mobileye Global Inc. $MBLY

Key Points

• Eagle Global Advisors LLC reduced its stake in Mobileye Global Inc. by 32.4%, selling 27,300 shares during the second quarter, bringing its total holdings to 57,000 shares valued at approximately $1,025,000.
• Major shareholder Corp Intel sold over 63.7 million shares, representing a 56.04% decrease in their position, valued at around $1.02 billion.
• Mobileye Global's stock has experienced a significant range over the past year, with a 52-week low of $11.12 and a high of $22.51, currently trading at around $13.85.

Eagle Global Advisors LLC lessened its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 32.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,000 shares of the company's stock after selling 27,300 shares during the period. Eagle Global Advisors LLC's holdings in Mobileye Global were worth $1,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in Mobileye Global in the first quarter valued at $2,207,000. LPL Financial LLC increased its position in shares of Mobileye Global by 27.5% during the 1st quarter. LPL Financial LLC now owns 188,698 shares of the company's stock valued at $2,716,000 after purchasing an additional 40,724 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Mobileye Global by 16.2% during the 1st quarter. Raymond James Financial Inc. now owns 803,852 shares of the company's stock valued at $11,571,000 after purchasing an additional 111,785 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Mobileye Global during the 1st quarter valued at about $405,000. Finally, Vanguard Group Inc. lifted its position in Mobileye Global by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company's stock worth $25,611,000 after buying an additional 63,261 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.

Insider Buying and Selling

In other Mobileye Global 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 value of $1,022,898,359.25. Following the completion of the transaction, the insider directly owned 50,000,000 shares in the company, valued at approximately $802,500,000. This represents a 56.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company's stock.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $13.85 on Friday. The stock has a market cap of $11.29 billion, a P/E ratio of -3.79, a price-to-earnings-growth ratio of 8.67 and a beta of 0.52. Mobileye Global Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $22.51. The stock has a 50 day simple moving average of $14.27 and a two-hundred day simple moving average of $15.07.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The firm had revenue of $506.00 million for the quarter, compared to analysts' expectations of $466.42 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The business's revenue was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. Sell-side analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on MBLY shares. Mizuho reduced their price target on shares of Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Barclays lifted their target price on shares of Mobileye Global from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Bank of America cut their price target on shares of Mobileye Global from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group cut Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price objective on the stock. in a research note on Monday, June 9th. Finally, Wells Fargo & Company increased their target price on Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.59.

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.

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