MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 25,188 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent filing 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 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Parkside Financial Bank & Trust grew its position 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 during the last quarter. Global Retirement Partners LLC grew its position in shares of Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares during the last quarter. Daymark Wealth Partners LLC grew its position in shares of Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock valued at $233,000 after buying an additional 1,147 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of Mobileye Global by 3.0% during the 4th quarter. Impax Asset Management Group plc now owns 65,500 shares of the company's stock valued at $1,305,000 after buying an additional 1,927 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global during the 4th quarter valued at about $40,000. Institutional investors own 13.25% of the company's stock.

Mobileye Global Trading Up 1.3%

MBLY stock traded up $0.21 on Thursday, hitting $15.99. 1,720,487 shares of the company's stock traded hands, compared to its average volume of 5,485,545. 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 $12.98 billion, a price-to-earnings ratio of -4.19, a P/E/G ratio of 69.54 and a beta of 0.38. The stock has a fifty day moving average of $14.54 and a 200-day moving average of $16.20.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The business had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The firm's revenue was up 83.3% compared to the same quarter last year. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Boaz Ouriel sold 67,493 shares of the firm's stock in a transaction 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 directly owns 107,853 shares in the company, valued at approximately $1,735,354.77. This trade represents a 38.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MBLY shares. TD Cowen boosted their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Mizuho reduced their target price on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. UBS Group reduced their target price on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.