Trexquant Investment LP Has $984,000 Stock Position in Mobileye Global Inc. $MBLY

Key Points

• Trexquant Investment LP has reduced its holdings in Mobileye Global Inc. by 51.3%, now owning 68,343 shares after selling 71,983 shares during the first quarter.
• Mobileye Global's quarterly earnings exceeded analysts' expectations, reporting a profit of $0.13 EPS against a forecast of $0.11, with revenues of $506 million surpassing the $466.42 million projected.
• Analysts have adjusted their price targets for Mobileye Global, with predictions ranging from $12.00 to $19.00, reflecting varying outlooks from "underweight" to "outperform" ratings.

Trexquant Investment LP reduced its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 51.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,343 shares of the company's stock after selling 71,983 shares during the period. Trexquant Investment LP's holdings in Mobileye Global were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Mobileye Global during the 1st quarter worth approximately $2,207,000. LPL Financial LLC increased its stake in shares of Mobileye Global by 27.5% during the first quarter. LPL Financial LLC now owns 188,698 shares of the company's stock valued at $2,716,000 after buying an additional 40,724 shares during the period. Raymond James Financial Inc. increased its stake in shares of Mobileye Global by 16.2% during the first quarter. Raymond James Financial Inc. now owns 803,852 shares of the company's stock valued at $11,571,000 after buying an additional 111,785 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Mobileye Global during the first quarter valued at $405,000. Finally, Vanguard Group Inc. grew its stake in Mobileye Global by 3.7% in the first quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company's stock valued at $25,611,000 after purchasing an additional 63,261 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Up 1.6%

MBLY traded up $0.23 during trading on Thursday, hitting $14.11. 1,744,926 shares of the stock were exchanged, compared to its average volume of 5,325,750. The firm has a market capitalization of $11.50 billion, a P/E ratio of -3.87, a PEG ratio of 9.76 and a beta of 0.52. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $22.51. The stock has a fifty day moving average price of $15.01 and a two-hundred day moving average price of $15.18.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. Analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

MBLY has been the subject of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price target on shares of Mobileye Global in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Mizuho reduced their target price on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Robert W. Baird reduced their target price on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada increased their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 29th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Mobileye Global has an average rating of "Hold" and an average price target of $19.59.

Insider Buying and Selling

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 50,000,000 shares of the company's stock, valued at $802,500,000. This trade represents a 56.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by corporate 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.