Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 46,875 Mobileye Global Inc. (NASDAQ:MBLY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 46,875 shares of Mobileye Global Inc., valued at approximately $675,000, according to their recent Form 13F filing.
• Shares of Mobileye Global (NASDAQ:MBLY) opened at $13.93, and the stock is currently down 2.2% with a market cap of $11.32 billion.
• Mobileye Global reported quarterly earnings of $0.13 EPS, surpassing estimates, with revenues rising 15.3% year-over-year to $506 million for the quarter.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 46,875 shares of the company's stock, valued at approximately $675,000.

A number of other hedge funds have also made changes to their positions in MBLY. LPL Financial LLC raised its position in shares of Mobileye Global by 96.2% during the fourth quarter. LPL Financial LLC now owns 147,974 shares of the company's stock worth $2,948,000 after acquiring an additional 72,550 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Mobileye Global by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after purchasing an additional 45,756 shares during the period. Advisory Services Network LLC acquired a new position in shares of Mobileye Global in the 4th quarter valued at $181,000. Rockefeller Capital Management L.P. lifted its stake in shares of Mobileye Global by 77.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 32,766 shares of the company's stock valued at $653,000 after purchasing an additional 14,296 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Mobileye Global during the fourth quarter worth $206,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Insiders Place Their Bets

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was 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 directly owned 107,853 shares of the company's stock, valued at $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Corp Intel sold 63,731,985 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the completion of the sale, the insider directly owned 50,000,000 shares of the company's stock, valued at $802,500,000. This represents a 56.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Mobileye Global Stock Performance

NASDAQ:MBLY traded down $0.15 during trading on Wednesday, reaching $13.93. The company's stock had a trading volume of 2,750,298 shares, compared to its average volume of 5,532,558. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of -3.81, a price-to-earnings-growth ratio of 9.23 and a beta of 0.52. The firm has a 50 day moving average of $16.33 and a 200-day moving average of $15.68. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $506.00 million during 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 business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Equities research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of Mobileye Global from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded Mobileye Global from a "hold" rating to a "buy" rating in a research note on Saturday. Royal Bank Of Canada upped 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. TD Cowen reduced their price objective on shares of Mobileye Global from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, The Goldman Sachs Group cut shares of Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 price objective for the company. in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Mobileye Global has a consensus rating of "Hold" and an average price target of $19.67.

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.