Voloridge Investment Management LLC Decreases Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Voloridge Investment Management LLC trimmed its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,416,424 shares of the company's stock after selling 59,935 shares during the period. Voloridge Investment Management LLC owned about 0.17% of Mobileye Global worth $28,215,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MBLY. Parkside Financial Bank & Trust increased its stake in shares of Mobileye Global by 147.4% in the fourth 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 during the period. Global Retirement Partners LLC increased its position in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after purchasing an additional 932 shares during the period. Daymark Wealth Partners LLC lifted its position in shares of Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after purchasing an additional 1,147 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Mobileye Global by 3.0% in the 4th quarter. Impax Asset Management Group plc now owns 65,500 shares of the company's stock valued at $1,305,000 after purchasing an additional 1,927 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mobileye Global during the fourth quarter worth $40,000. 13.25% of the stock is owned by institutional investors.

Insider Activity

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were 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 now directly owns 107,853 shares of the company's stock, valued at approximately $1,735,354.77. This represents a 38.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Mobileye Global Price Performance

Shares of MBLY stock traded up $0.47 during trading hours on Tuesday, reaching $16.08. The company had a trading volume of 1,324,474 shares, compared to its average volume of 5,474,732. The company has a market cap of $13.06 billion, a price-to-earnings ratio of -4.22, a price-to-earnings-growth ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $33.26. The business has a fifty day simple moving average of $14.59 and a 200-day simple moving average of $16.20.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $438.00 million for the quarter, compared to analysts' expectations of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The business's revenue was up 83.3% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. On average, equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on MBLY. Needham & Company LLC cut their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays reissued an "equal weight" rating and issued a $14.00 price objective (down from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. UBS Group decreased their target price on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group dropped their price target on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, TD Cowen raised their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.63.

About Mobileye Global

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.