Tobam Increases Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

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

A number of other hedge funds have also recently added to or reduced their stakes in MBLY. Van ECK Associates Corp grew its holdings in shares of Mobileye Global by 35.7% during the 4th quarter. Van ECK Associates Corp now owns 21,274 shares of the company's stock worth $424,000 after purchasing an additional 5,597 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Mobileye Global during the fourth quarter worth about $12,202,000. D.A. Davidson & CO. grew its stake in Mobileye Global by 107.2% during the fourth quarter. D.A. Davidson & CO. now owns 28,600 shares of the company's stock worth $570,000 after buying an additional 14,800 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Mobileye Global by 27.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company's stock valued at $309,000 after buying an additional 3,296 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

Insider Activity at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the firm's 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 completion of the sale, the executive vice president now directly owns 107,853 shares in the company, valued at $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on MBLY. Wall Street Zen raised Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Barclays reissued an "equal weight" rating and set a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Robert W. Baird upped their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Piper Sandler increased their target price on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, TD Cowen boosted their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global presently has an average rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded down $0.64 during mid-day trading on Friday, hitting $15.24. The stock had a trading volume of 4,026,149 shares, compared to its average volume of 5,404,510. The business has a 50 day moving average price of $15.04 and a two-hundred day moving average price of $16.14. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $29.50. The firm has a market cap of $12.37 billion, a P/E ratio of -3.99, a price-to-earnings-growth ratio of 69.54 and a beta of 0.48.

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

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.