Raymond James Financial Inc. Grows Stock Holdings in Mobileye Global Inc. $MBLY

Key Points

• Raymond James Financial Inc. increased its stake in Mobileye Global Inc. by 16.2%, acquiring an additional 111,785 shares to reach a total of 803,852 shares, worth approximately $11.57 million.
• Insider activity saw major shareholder Corp Intel sell over 63.7 million shares of Mobileye, resulting in a significant 56.04% decrease in their ownership of the company.
• Mobileye Global reported a quarterly revenue of $506 million, exceeding analysts' expectations and indicating a 15.3% increase compared to the same quarter from the previous year.

Raymond James Financial Inc. lifted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 803,852 shares of the company's stock after purchasing an additional 111,785 shares during the period. Raymond James Financial Inc. owned about 0.10% of Mobileye Global worth $11,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MBLY. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the first quarter worth approximately $27,000. Ancora Advisors LLC acquired a new stake in Mobileye Global in the 4th quarter valued at about $40,000. PNC Financial Services Group Inc. lifted its stake in Mobileye Global by 1,799.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock worth $84,000 after purchasing an additional 5,543 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Mobileye Global by 108.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock worth $87,000 after purchasing an additional 3,149 shares during the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Mobileye Global in the first quarter valued at approximately $158,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MBLY has been the topic of a number of recent research reports. The Goldman Sachs Group lowered Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price objective on the stock. in a research note on Monday, June 9th. Barclays raised their price objective on shares of Mobileye Global from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Canaccord Genuity Group boosted their target price on shares of Mobileye Global from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, July 25th. Royal Bank Of Canada increased their price objective on Mobileye Global from $14.00 to $17.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Mobileye Global from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.67.

Insider Buying and Selling at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the transaction, the insider owned 50,000,000 shares of the company's stock, valued at $802,500,000. This represents a 56.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Mobileye Global Stock Down 2.0%

MBLY traded down $0.28 on Tuesday, hitting $13.73. 3,180,156 shares of the company traded hands, compared to its average volume of 3,675,505. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $22.51. The company has a 50 day moving average of $15.46 and a 200-day moving average of $15.30. The stock has a market capitalization of $11.19 billion, a PE ratio of -3.76, a PEG ratio of 9.18 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. 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 company posted $0.09 earnings per share. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current year.

Mobileye Global 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.