PKO Investment Management Joint Stock Co Acquires Shares of 90,000 Mobileye Global Inc. (NASDAQ:MBLY)

PKO Investment Management Joint Stock Co bought a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 90,000 shares of the company's stock, valued at approximately $1,793,000.

Other large investors also recently modified their holdings of the company. ARK Investment Management LLC boosted its position in Mobileye Global by 89.4% during the 4th quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock valued at $2,825,000 after acquiring an additional 66,934 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in Mobileye Global during the 4th quarter valued at approximately $442,000. Yiheng Capital Management L.P. bought a new stake in Mobileye Global during the 4th quarter valued at approximately $14,940,000. Slow Capital Inc. boosted its position in Mobileye Global by 440.7% during the 4th quarter. Slow Capital Inc. now owns 246,314 shares of the company's stock valued at $4,907,000 after acquiring an additional 200,757 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in Mobileye Global by 27.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company's stock valued at $309,000 after acquiring an additional 3,296 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 107,853 shares of the company's stock, valued at $1,735,354.77. This represents a 38.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on MBLY shares. Robert W. Baird lifted their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Barclays reissued an "equal weight" rating and issued a $14.00 price target (down from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Mizuho dropped their price target on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Wall Street Zen raised Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Finally, Piper Sandler boosted their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global presently has an average rating of "Hold" and an average target price of $18.63.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY traded down $0.12 during midday trading on Friday, hitting $16.26. The company had a trading volume of 4,105,434 shares, compared to its average volume of 5,525,001. The company has a market cap of $13.20 billion, a price-to-earnings ratio of -4.26, a PEG ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26. The company has a fifty day moving average of $14.69 and a two-hundred day moving average of $16.19.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Mobileye Global's quarterly revenue was up 83.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) EPS. Research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

About Mobileye Global

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.