Woodline Partners LP Invests $4.71 Million in Mobileye Global Inc. $MBLY

Key Points

• Woodline Partners LP acquired a new stake in Mobileye Global Inc., purchasing 327,259 shares valued at approximately $4.71 million in the first quarter.
• Mobileye's stock has recently seen price target increases from several analysts, with Canaccord Genuity raising theirs from $25.00 to $30.00, indicating strong growth expectations.
• Despite a positive quarterly earnings report, the company's stock price has decreased by 3.5%, with current trading at around $13.61.

Woodline Partners LP bought a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 327,259 shares of the company's stock, valued at approximately $4,711,000.

Several other hedge funds and other institutional investors have also modified their holdings of MBLY. Mystic Asset Management Inc. boosted its position in Mobileye Global by 3.6% during the first quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company's stock valued at $290,000 after purchasing an additional 700 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Mobileye Global by 4.6% during the first quarter. Perigon Wealth Management LLC now owns 20,892 shares of the company's stock valued at $301,000 after purchasing an additional 914 shares during the last quarter. Rhumbline Advisers acquired a new stake in Mobileye Global during the first quarter valued at $27,000. Retirement Planning Co of New England Inc. boosted its position in Mobileye Global by 18.3% during the first quarter. Retirement Planning Co of New England Inc. now owns 16,841 shares of the company's stock valued at $242,000 after purchasing an additional 2,600 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Mobileye Global by 10.7% during the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company's stock valued at $450,000 after purchasing an additional 3,019 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded up $0.44 during trading on Thursday, reaching $14.69. The company's stock had a trading volume of 2,132,783 shares, compared to its average volume of 5,322,596. The business's fifty day moving average price is $14.54 and its 200-day moving average price is $15.10. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of -4.03, a price-to-earnings-growth ratio of 8.67 and a beta of 0.52. Mobileye Global Inc. has a one year low of $11.12 and a one year high of $22.51.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MBLY shares. Canaccord Genuity Group lifted their price objective on Mobileye Global from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Mizuho cut their target price on Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. UBS Group raised their target price on Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada raised their target price on Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a report on Tuesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mobileye Global presently has an average rating of "Hold" and an average target price of $19.59.

Insider Activity at Mobileye Global

In other news, major shareholder Corp Intel sold 63,731,985 shares of Mobileye Global stock in a transaction dated 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 transaction, the insider directly owned 50,000,000 shares in the company, valued at approximately $802,500,000. The trade was a 56.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company's stock.

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.