Graham Capital Management L.P. Buys 67,013 Shares of Mobileye Global Inc. $MBLY

Key Points

• Graham Capital Management L.P. increased its stake in Mobileye Global by 71.4%, owning 160,818 shares worth approximately $2.32 million as of its latest SEC filing.
• Several hedge funds have recently acquired stakes in Mobileye, with notable purchases including Dimensional Fund Advisors LP investing $27.15 million and Migdal Insurance increasing its holdings by 433.7%.
• Mobileye Global's stock is currently trading at $14.01, having a market capitalization of $11.42 billion and a consensus price target of $19.67 from analysts.

Graham Capital Management L.P. lifted its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 71.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,818 shares of the company's stock after acquiring an additional 67,013 shares during the quarter. Graham Capital Management L.P.'s holdings in Mobileye Global were worth $2,315,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MBLY. Rhumbline Advisers acquired a new stake in Mobileye Global in the first quarter worth about $27,000. Ancora Advisors LLC bought a new position in shares of Mobileye Global in the 4th quarter valued at about $40,000. PNC Financial Services Group Inc. boosted its stake in shares of Mobileye Global by 1,799.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock valued at $84,000 after purchasing an additional 5,543 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Mobileye Global by 108.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock worth $87,000 after buying an additional 3,149 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Mobileye Global during the first quarter worth approximately $158,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Stock Down 1.0%

Shares of MBLY traded down $0.15 during trading hours on Friday, reaching $14.70. The stock had a trading volume of 3,994,131 shares, compared to its average volume of 3,710,945. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $22.51. The firm has a 50-day moving average of $15.23 and a 200 day moving average of $15.20. The company has a market cap of $11.98 billion, a P/E ratio of -4.03, a P/E/G ratio of 9.63 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, topping 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 analyst estimates of $466.42 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company's revenue for the quarter was up 15.3% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MBLY. Wells Fargo & Company raised their price objective on shares of Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded Mobileye Global from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. The Goldman Sachs Group cut Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price objective for the company. in a research note on Monday, June 9th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price objective on shares of Mobileye Global in a report on Friday, July 25th. Finally, Robert W. Baird cut their target price on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $19.50.

Insider Buying and Selling at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was 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. The trade was 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 this hyperlink. 1.80% of the stock is owned by company insiders.

About Mobileye Global

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.