Janney Montgomery Scott LLC Buys New Shares in Mobileye Global Inc. (NASDAQ:MBLY)

Janney Montgomery Scott LLC bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 153,328 shares of the company's stock, valued at approximately $2,207,000.

Several other large investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in Mobileye Global by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock worth $283,101,000 after purchasing an additional 621,062 shares during the last quarter. Norges Bank acquired a new position in Mobileye Global during the fourth quarter worth $95,937,000. Primecap Management Co. CA lifted its stake in Mobileye Global by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after acquiring an additional 40,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after acquiring an additional 45,756 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mobileye Global by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after acquiring an additional 8,340 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Trading Down 0.5%

NASDAQ:MBLY traded down $0.10 during mid-day trading on Friday, hitting $18.34. 3,481,162 shares of the company's stock were exchanged, compared to its average volume of 5,436,717. The company has a 50 day simple moving average of $15.72 and a 200-day simple moving average of $16.05. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $28.73. The firm has a market capitalization of $14.89 billion, a P/E ratio of -4.98, a PEG ratio of 165.57 and a beta of 0.48.

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

Insider Transactions at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the business's 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 transaction, the executive vice president now owns 107,853 shares in the company, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on MBLY. Piper Sandler increased their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Barclays reissued an "equal weight" rating and issued a $14.00 price objective (down from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Wall Street Zen raised shares of Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Needham & Company LLC dropped their price objective on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, TD Cowen raised their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $18.63.

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.