Slow Capital Inc. Reduces Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Slow Capital Inc. trimmed its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 8.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,653 shares of the company's stock after selling 21,661 shares during the quarter. Slow Capital Inc.'s holdings in Mobileye Global were worth $3,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MBLY. Rhumbline Advisers bought a new position in Mobileye Global in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mobileye Global in the fourth quarter valued at approximately $40,000. Ancora Advisors LLC acquired a new stake in Mobileye Global in the fourth quarter valued at approximately $40,000. Allianz SE acquired a new stake in Mobileye Global in the fourth quarter valued at approximately $43,000. Finally, Jones Financial Companies Lllp boosted its position in Mobileye Global by 1,795.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,033 shares of the company's stock valued at $60,000 after buying an additional 2,873 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Boaz Ouriel sold 67,493 shares of the business's 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 sale, the executive vice president directly owned 107,853 shares of the company's stock, valued at $1,735,354.77. The trade was a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Corp Intel sold 63,731,985 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 50,000,000 shares of the company's stock, valued at approximately $802,500,000. The trade was a 56.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.

Mobileye Global Trading Up 0.5%

Mobileye Global stock traded up $0.08 during midday trading on Tuesday, reaching $16.65. The stock had a trading volume of 2,292,010 shares, compared to its average volume of 5,775,271. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $27.38. The company has a market capitalization of $13.52 billion, a P/E ratio of -4.52, a PEG ratio of 86.75 and a beta of 0.54. The company has a fifty day moving average price of $16.52 and a two-hundred day moving average price of $16.03.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $438.00 million during the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The firm's revenue was up 83.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. On average, equities research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MBLY shares. BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Robert W. Baird raised their target price on shares of Mobileye Global from $19.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday. The Goldman Sachs Group lowered shares of Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 target price on the stock. in a research report on Monday, June 9th. Finally, UBS Group raised their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and an average price target of $19.70.

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.