Mobileye Global Inc. $MBLY Stock Holdings Lifted by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in Mobileye Global Inc. by 3.7%, now owning approximately 1.78 million shares valued at $25.6 million.
• Several institutional investors, including Dimensional Fund Advisors, have also made significant investments in Mobileye, leading to a total of 13.25% of the company's stock being held by institutional investors.
• Analysts have mixed ratings on Mobileye Global, with price targets ranging from $18.00 to $30.00, and a consensus rating of "Hold."

Vanguard Group Inc. boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,779,189 shares of the company's stock after purchasing an additional 63,261 shares during the period. Vanguard Group Inc. owned approximately 0.22% of Mobileye Global worth $25,611,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MBLY. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the first quarter worth $27,000. Ancora Advisors LLC acquired a new stake in shares of Mobileye Global in the fourth quarter worth $40,000. PNC Financial Services Group Inc. increased its position in shares of Mobileye Global by 1,799.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock worth $84,000 after acquiring an additional 5,543 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Mobileye Global by 108.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company's stock worth $87,000 after acquiring an additional 3,149 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of Mobileye Global in the first quarter worth $158,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MBLY shares. Canaccord Genuity Group increased their price objective on shares of Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. TD Cowen lowered their price target on shares of Mobileye Global from $22.00 to $20.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, Barclays raised their price target on shares of Mobileye Global from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $19.50.

Mobileye Global Price Performance

MBLY traded down $0.03 during trading hours on Wednesday, reaching $13.70. 3,285,081 shares of the stock traded hands, compared to its average volume of 3,675,505. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -3.75, a PEG ratio of 9.18 and a beta of 0.52. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $22.51. The firm's fifty day simple moving average is $15.38 and its two-hundred day simple moving average is $15.29.

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 for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $466.42 million. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. On average, research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other Mobileye Global news, major shareholder Corp Intel sold 63,731,985 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the completion of the transaction, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% 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.