Vanguard Group Inc. Raises Position in Mobileye Global Inc. $MBLY

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. lifted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,779,189 shares of the company's stock after acquiring an additional 63,261 shares during the quarter. Vanguard Group Inc. owned approximately 0.22% of Mobileye Global worth $25,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MBLY. Rhumbline Advisers acquired a new stake in Mobileye Global during the 1st quarter worth approximately $27,000. Ancora Advisors LLC acquired a new position in shares of Mobileye Global during the 4th quarter worth $40,000. PNC Financial Services Group Inc. raised its holdings in shares of Mobileye Global by 1,799.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company's stock worth $84,000 after buying an additional 5,543 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Mobileye Global by 108.4% during the 1st 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 during the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Mobileye Global in the 1st quarter worth about $158,000. 13.25% of the stock is currently owned by institutional investors.

Insider Activity at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the company's stock in a transaction dated 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 sale, the insider owned 50,000,000 shares in the company, valued at $802,500,000. This represents a 56.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Mobileye Global Stock Down 0.3%

Shares of NASDAQ MBLY traded down $0.04 during trading on Monday, reaching $14.01. The company had a trading volume of 3,126,292 shares, compared to its average volume of 3,861,977. The company's fifty day moving average price is $15.59 and its 200-day moving average price is $15.34. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $22.51. The stock has a market cap of $11.42 billion, a P/E ratio of -3.84, a PEG ratio of 9.18 and a beta of 0.52.

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

Analyst Upgrades and Downgrades

MBLY has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Mobileye Global from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Canaccord Genuity Group upped their target price on Mobileye Global from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen cut Mobileye Global from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, The Goldman Sachs Group cut Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 target price for the company. in a report on Monday, June 9th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $19.67.

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.