Two Sigma Investments LP Trims Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Two Sigma Investments LP cut its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 26.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,925 shares of the company's stock after selling 57,810 shares during the period. Two Sigma Investments LP's holdings in Mobileye Global were worth $3,226,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew 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 buying an additional 737 shares in the last quarter. Global Retirement Partners LLC raised its position 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 valued at $32,000 after buying an additional 932 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $40,000. Ancora Advisors LLC acquired a new stake in Mobileye Global during the fourth quarter worth approximately $40,000. Finally, Allianz SE acquired a new position in Mobileye Global in the 4th quarter valued at $43,000. Institutional investors own 13.25% of the company's stock.

Mobileye Global Trading Up 3.2%

Shares of Mobileye Global stock traded up $0.50 during trading on Tuesday, hitting $16.37. The stock had a trading volume of 631,655 shares, compared to its average volume of 5,493,192. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of -4.29, a P/E/G ratio of 69.54 and a beta of 0.38. The business's 50-day moving average is $14.68 and its 200 day moving average is $16.20. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting 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 business had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same quarter last year, the business posted ($0.07) earnings per share. The company's revenue for the quarter was up 83.3% on a year-over-year basis. As a group, equities analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on MBLY. BNP Paribas raised Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price on the stock in a report on Wednesday, April 23rd. Piper Sandler lifted their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. UBS Group dropped their target price on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Wall Street Zen raised Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Finally, Robert W. Baird boosted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mobileye Global currently has an average rating of "Hold" and an average price target of $18.63.

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 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 transaction, the executive vice president now owns 107,853 shares of the company's stock, valued at approximately $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by company insiders.

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.