Slow Capital Inc. Lowers Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Slow Capital Inc. lessened its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 224,653 shares of the company's stock after selling 21,661 shares during the period. Slow Capital Inc.'s holdings in Mobileye Global were worth $3,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MBLY. Jones Financial Companies Lllp raised its stake in shares of Mobileye Global by 1,795.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,033 shares of the company's stock valued at $60,000 after acquiring an additional 2,873 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mobileye Global by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after acquiring an additional 8,340 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $13,786,000. Avantax Advisory Services Inc. bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $3,237,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Mobileye Global by 273.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 51,028 shares of the company's stock valued at $1,016,000 after acquiring an additional 37,353 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group lifted 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. BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price objective for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research note on Thursday. Wall Street Zen raised shares of Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Finally, Barclays boosted 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 note on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and an average price target of $19.21.

Mobileye Global Price Performance

NASDAQ MBLY traded up $0.42 on Thursday, hitting $16.27. The stock had a trading volume of 6,617,438 shares, compared to its average volume of 5,831,146. The business's fifty day moving average price is $16.63 and its 200 day moving average price is $15.98. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $27.25. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of -4.42, a price-to-earnings-growth ratio of 26.01 and a beta of 0.54.

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

Insiders Place Their Bets

In other news, EVP Boaz Ouriel sold 67,493 shares of the business's stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Intel sold 63,731,985 shares of the business's stock in a transaction on 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 sale, the insider directly owned 50,000,000 shares in the company, valued at $802,500,000. This trade represents a 56.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

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.