XTX Topco Ltd Purchases 95,163 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Key Points

• XTX Topco Ltd significantly increased its stake in Mobileye Global, acquiring an additional 95,163 shares for a total of 105,481 shares, valued at approximately $1.5 million.
• Multiple institutional investors, including The Manufacturers Life Insurance Company and Vanguard Group Inc., also increased their positions in Mobileye Global during recent quarters.
• Mobileye Global's stock has seen a 2.1% increase, with the latest earnings report showing a better-than-expected EPS of $0.13 compared to the anticipated $0.11.

XTX Topco Ltd lifted its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 922.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,481 shares of the company's stock after purchasing an additional 95,163 shares during the quarter. XTX Topco Ltd's holdings in Mobileye Global were worth $1,518,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in Mobileye Global by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock valued at $283,101,000 after acquiring an additional 621,062 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Mobileye Global by 7.6% in the 1st quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company's stock valued at $34,111,000 after acquiring an additional 167,333 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 acquiring an additional 45,756 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Mobileye Global in the 4th quarter valued at $27,155,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Mobileye Global by 433.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company's stock valued at $12,837,000 after acquiring an additional 724,695 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada boosted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a research report on Tuesday. Barclays boosted their price objective on shares of Mobileye Global from $14.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Mizuho cut their price objective on shares of Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, July 25th. Finally, UBS Group boosted their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Mobileye Global currently has a consensus rating of "Hold" and a consensus target price of $19.58.

Insider Activity at Mobileye Global

In related news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,022,898,359.25. Following the completion of the sale, the insider owned 50,000,000 shares of the company's stock, valued at $802,500,000. The trade was a 56.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Mobileye Global Stock Up 2.1%

Mobileye Global stock opened at $14.24 on Friday. The stock has a market cap of $11.57 billion, a P/E ratio of -3.90, a P/E/G ratio of 9.14 and a beta of 0.54. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $22.51. The company's 50-day moving average price is $16.43 and its two-hundred day moving average price is $15.73.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Equities analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.

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