MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Position in Mobileye Global Inc. (NASDAQ:MBLY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,936 shares of the company's stock after selling 25,188 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Mobileye Global were worth $3,286,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after buying an additional 737 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after buying an additional 932 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mobileye Global during the 4th quarter worth approximately $40,000. Ancora Advisors LLC acquired a new position in Mobileye Global in the 4th quarter valued at approximately $40,000. Finally, Allianz SE bought a new stake in shares of Mobileye Global during the fourth quarter worth approximately $43,000. 13.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of 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 can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

MBLY has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Wall Street Zen upgraded Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and increased their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Stock Down 2.4%

Shares of NASDAQ:MBLY traded down $0.38 during midday trading on Friday, reaching $15.61. The company had a trading volume of 2,413,532 shares, compared to its average volume of 5,490,821. The business's 50 day moving average price is $14.57 and its 200 day moving average price is $16.20. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $33.26. The stock has a market cap of $12.68 billion, a PE ratio of -4.09, a P/E/G ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted 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. The company had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm's revenue for the quarter was up 83.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.