RFG Advisory LLC Purchases Shares of 17,520 Mobileye Global Inc. (NASDAQ:MBLY)

RFG Advisory LLC acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,520 shares of the company's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Mobileye Global in the 4th quarter worth $95,937,000. Dimensional Fund Advisors LP purchased a new position in shares of Mobileye Global in the fourth quarter valued at about $27,155,000. Light Street Capital Management LLC bought a new position in shares of Mobileye Global in the fourth quarter worth about $15,276,000. Yiheng Capital Management L.P. bought a new position in shares of Mobileye Global in the fourth quarter worth about $14,940,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Mobileye Global during the fourth quarter worth about $13,897,000. 13.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Robert W. Baird upped their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Barclays restated an "equal weight" rating and set a $14.00 target price (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Needham & Company LLC reduced their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Finally, Piper Sandler increased their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.63.

Insider Transactions at Mobileye Global

In related 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 value of $1,085,962.37. Following the sale, the executive vice president now directly 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 SEC, which is available through this hyperlink. Company insiders own 2.80% of the company's stock.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $16.88 on Friday. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of -4.42, a price-to-earnings-growth ratio of 69.54 and a beta of 0.48. The stock has a 50 day moving average price of $14.82 and a 200-day moving average price of $16.20. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.