Hsbc Holdings PLC Invests $405,000 in Mobileye Global Inc. $MBLY

Hsbc Holdings PLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,017 shares of the company's stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mystic Asset Management Inc. boosted its holdings in Mobileye Global by 3.6% in the first quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company's stock valued at $290,000 after acquiring an additional 700 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Mobileye Global by 4.6% during the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock worth $301,000 after purchasing an additional 914 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the first quarter valued at about $27,000. Ancora Advisors LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $40,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Mobileye Global by 108.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock valued at $87,000 after buying an additional 3,149 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MBLY. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 target price on shares of Mobileye Global in a research note on Friday, July 25th. Robert W. Baird lowered their target price on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. TD Cowen lowered their price objective on Mobileye Global from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Finally, Canaccord Genuity Group increased their target price on Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $19.50.

Insider Transactions at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of Mobileye Global stock in a transaction on 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 completion of the sale, the insider owned 50,000,000 shares of the company's stock, valued at approximately $802,500,000. This trade 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 accessible through the SEC website. Insiders own 2.80% of the company's stock.

Mobileye Global Trading Down 1.0%

Shares of NASDAQ MBLY traded down $0.15 during mid-day trading on Friday, reaching $14.70. The company had a trading volume of 3,994,131 shares, compared to its average volume of 3,770,589. The stock has a market cap of $11.98 billion, a PE ratio of -4.03, a P/E/G ratio of 9.73 and a beta of 0.52. The company has a 50-day moving average price of $15.23 and a two-hundred day moving average price of $15.24. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $22.51.

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

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.