Mitsubishi UFJ Asset Management Co. Ltd. Has $28.82 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,002,257 shares of the company's stock after purchasing an additional 493,281 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of Mobileye Global worth $28,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Mystic Asset Management Inc. grew its stake in shares of Mobileye Global by 3.6% during the 1st 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 period. Perigon Wealth Management LLC raised its holdings in shares of Mobileye Global by 4.6% during the 1st quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock worth $301,000 after acquiring an additional 914 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mobileye Global during the 4th quarter valued at $40,000. Finally, Ancora Advisors LLC purchased a new stake in Mobileye Global during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 13.25% of the company's stock.

Insiders Place Their Bets

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the completion of the sale, the insider directly owned 50,000,000 shares in the company, valued at $802,500,000. This represents a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MBLY. JPMorgan Chase & Co. increased their target price on Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. UBS Group raised their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Barclays lifted their target price on Mobileye Global from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wall Street Zen downgraded Mobileye Global from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Canaccord Genuity Group lifted their price target on Mobileye Global from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.67.

Mobileye Global Price Performance

MBLY stock traded down $0.31 during trading on Thursday, reaching $13.94. 3,451,614 shares of the stock traded hands, compared to its average volume of 5,503,921. The business's 50 day moving average price is $16.02 and its 200-day moving average price is $15.57. The firm has a market capitalization of $11.36 billion, a PE ratio of -3.82, a P/E/G ratio of 9.14 and a beta of 0.52. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $506.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current 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.