134,600 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Purchased by Tiger Pacific Capital LP

Tiger Pacific Capital LP bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 134,600 shares of the company's stock, valued at approximately $2,681,000. Mobileye Global accounts for 0.7% of Tiger Pacific Capital LP's portfolio, making the stock its 14th largest holding.

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after acquiring an additional 737 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after purchasing an additional 932 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global in the fourth quarter worth about $40,000. Ancora Advisors LLC bought a new position in Mobileye Global during the fourth quarter valued at approximately $40,000. Finally, Allianz SE bought a new position in Mobileye Global during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 13.25% of the company's stock.

Analyst Ratings Changes

MBLY has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Barclays reiterated an "equal weight" rating and set a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. UBS Group reduced their target price on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, TD Cowen increased their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.63.

Insider Buying and Selling at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 107,853 shares of the company's stock, valued at approximately $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 accessible through this link. 1.80% of the stock is owned by corporate insiders.

Mobileye Global Stock Down 3.3%

MBLY traded down $0.52 during trading hours on Friday, reaching $15.47. 1,212,332 shares of the company's stock traded hands, compared to its average volume of 5,468,997. The firm has a 50-day moving average price of $14.54 and a 200 day moving average price of $16.20. The firm has a market capitalization of $12.56 billion, a PE ratio of -4.05, a PEG ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $33.26.

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