Janney Montgomery Scott LLC Purchases Shares of 153,328 Mobileye Global Inc. (NASDAQ:MBLY)

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

Several other institutional investors and hedge funds also recently modified their holdings of MBLY. The Manufacturers Life Insurance Company boosted its stake in Mobileye Global by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock valued at $283,101,000 after purchasing an additional 621,062 shares in the last quarter. Norges Bank acquired a new stake in Mobileye Global in the 4th quarter valued at about $95,937,000. Primecap Management Co. CA boosted its position in shares of Mobileye Global by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after purchasing an additional 40,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Mobileye Global by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock worth $34,181,000 after purchasing an additional 45,756 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Mobileye Global by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock worth $30,569,000 after purchasing an additional 8,340 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded up $0.52 during mid-day trading on Thursday, reaching $18.44. 3,783,513 shares of the company traded hands, compared to its average volume of 5,422,732. The company's fifty day moving average is $15.46 and its two-hundred day moving average is $16.06. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $28.73. The stock has a market cap of $14.97 billion, a PE ratio of -5.01, a price-to-earnings-growth ratio of 162.05 and a beta of 0.48.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share 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 business had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. During the same period in the previous year, the company earned ($0.07) earnings per share. Mobileye Global's revenue for the quarter was up 83.3% on a year-over-year basis. Research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Insider Transactions at Mobileye Global

In related news, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares of the company's stock, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. TD Cowen boosted their price objective on Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, April 25th. BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price objective for the company in a research note on Wednesday, April 23rd. Robert W. Baird lifted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.