XTX Topco Ltd Increases Stock Holdings in 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 holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 922.3% during the 1st quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. LPL Financial LLC increased its stake in Mobileye Global by 96.2% in the fourth quarter. LPL Financial LLC now owns 147,974 shares of the company's stock valued at $2,948,000 after purchasing an additional 72,550 shares during the last quarter. Vanguard Group Inc. increased its stake in Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after purchasing an additional 45,756 shares during the last quarter. Advisory Services Network LLC purchased a new position in Mobileye Global in the fourth quarter valued at approximately $181,000. Rockefeller Capital Management L.P. increased its stake in Mobileye Global by 77.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 32,766 shares of the company's stock valued at $653,000 after purchasing an additional 14,296 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in Mobileye Global by 31.1% in the fourth quarter. NewEdge Advisors LLC now owns 28,209 shares of the company's stock valued at $562,000 after purchasing an additional 6,694 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Insiders Place Their Bets

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was 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 owned 107,853 shares of the company's stock, valued at approximately $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the completion of the sale, the insider directly owned 50,000,000 shares of the company's stock, valued at approximately $802,500,000. This trade represents a 56.04% decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

Mobileye Global Stock Up 0.1%

Shares of NASDAQ MBLY traded up $0.02 during mid-day trading on Tuesday, hitting $14.11. 3,403,325 shares of the company were exchanged, compared to its average volume of 5,544,897. The stock has a 50 day simple moving average of $16.37 and a 200-day simple moving average of $15.69. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $22.51. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of -3.86, a price-to-earnings-growth ratio of 9.12 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its 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 company had revenue of $506.00 million during the quarter, compared to the consensus estimate of $466.42 million. During the same quarter last year, the company earned $0.09 earnings per share. Mobileye Global's quarterly revenue was up 15.3% compared to the same quarter last year. Analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MBLY has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Wells Fargo & Company increased their price target on shares of Mobileye Global from $18.00 to $24.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. UBS Group increased their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group lowered shares of Mobileye Global from a "buy" rating to a "neutral" rating and set a $17.00 target price on the stock. in a research report on Monday, June 9th. Finally, Wall Street Zen upgraded shares of Mobileye Global from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.