Point72 Italy S.r.l. Purchases New Position in Mobileye Global Inc. $MBLY

Key Points

• Point72 Italy S.r.l. has acquired a new stake in Mobileye Global Inc., purchasing 132,500 shares valued at approximately $1.9 million, which now constitutes 1.9% of its portfolio.
• Significant activity from other institutional investors includes Graham Capital Management increasing its stake by 71.4% and Nishkama Capital purchasing a new stake valued at about $6.5 million.
• Analysts have mixed ratings on Mobileye Global, with price targets ranging from $16.00 to $24.00, and the stock currently holds a consensus rating of "Hold."

Point72 Italy S.r.l. purchased a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 132,500 shares of the company's stock, valued at approximately $1,907,000. Mobileye Global accounts for approximately 1.9% of Point72 Italy S.r.l.'s portfolio, making the stock its 19th largest holding.

Several other hedge funds have also made changes to their positions in MBLY. Dimensional Fund Advisors LP bought a new position in shares of Mobileye Global during the 4th quarter worth approximately $27,155,000. Price T Rowe Associates Inc. MD grew its stake in Mobileye Global by 61.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,802 shares of the company's stock worth $714,000 after buying an additional 13,600 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $40,000. Bayesian Capital Management LP acquired a new position in shares of Mobileye Global in the 4th quarter worth approximately $740,000. Finally, Bamco Inc. NY increased its holdings in Mobileye Global by 1,427.2% during the 4th quarter. Bamco Inc. NY now owns 383,452 shares of the company's stock valued at $7,638,000 after purchasing an additional 358,344 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

Insider Activity at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the transaction, the insider directly owned 50,000,000 shares of the company's stock, valued at approximately $802,500,000. This trade represents a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MBLY shares. Royal Bank Of Canada raised their target price on Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 29th. Robert W. Baird dropped their target price on shares of Mobileye Global from $22.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday. UBS Group increased their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen lowered Mobileye Global from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Canaccord Genuity Group raised their target price on shares of Mobileye Global from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $19.50.

Mobileye Global Stock Performance

NASDAQ MBLY traded down $0.16 on Friday, reaching $14.70. The company had a trading volume of 2,425,058 shares, compared to its average volume of 5,337,069. The company's fifty day moving average is $15.31 and its 200-day moving average is $15.27. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $22.51. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of -4.01, a price-to-earnings-growth ratio of 8.97 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The firm had revenue of $506.00 million during the quarter, compared to analysts' expectations of $466.42 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. On average, research analysts forecast 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.