Mobileye Global Inc. (NASDAQ:MBLY) Shares Purchased by Tobam

Tobam grew its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 632.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,640 shares of the company's stock after purchasing an additional 23,001 shares during the period. Tobam's holdings in Mobileye Global were worth $383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MBLY. Norges Bank acquired a new position in Mobileye Global during the 4th quarter worth approximately $95,937,000. Dimensional Fund Advisors LP purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $27,155,000. Light Street Capital Management LLC purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $15,276,000. Yiheng Capital Management L.P. purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $14,940,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $13,897,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Wall Street Analyst Weigh In

MBLY has been the topic of several research analyst reports. Piper Sandler boosted their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. UBS Group decreased their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target 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. Barclays reissued an "equal weight" rating and set a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. Finally, Robert W. Baird boosted 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. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Trading Up 1.2%

Shares of Mobileye Global stock traded up $0.19 during trading hours on Monday, reaching $15.43. 3,250,522 shares of the company's stock were exchanged, compared to its average volume of 5,404,213. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $28.73. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of -4.04, a price-to-earnings-growth ratio of 69.54 and a beta of 0.48. The company has a fifty day moving average of $15.09 and a 200-day moving average of $16.10.

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 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 for the quarter, compared to analyst estimates of $434.87 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The business's revenue for the quarter was up 83.3% compared to the same quarter last year. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.80% of the company's stock.

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.