Mobileye Global Target of Unusually Large Options Trading (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders purchased 18,090 call options on the stock. This is an increase of 90% compared to the average daily volume of 9,527 call options.

Insider Buying and Selling

In related news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the sale, the executive vice president now owns 107,853 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Mobileye Global

Several hedge funds have recently modified their holdings of MBLY. Rhumbline Advisers acquired a new stake in Mobileye Global in the first quarter valued at approximately $27,000. Woodline Partners LP purchased a new position in Mobileye Global during the 1st quarter worth approximately $4,711,000. Caxton Associates LLP purchased a new stake in Mobileye Global in the 1st quarter valued at $422,000. Sender Co & Partners Inc. purchased a new position in shares of Mobileye Global during the first quarter worth about $188,000. Finally, Tiger Pacific Capital LP grew its stake in shares of Mobileye Global by 9.8% in the 1st quarter. Tiger Pacific Capital LP now owns 147,821 shares of the company's stock valued at $2,128,000 after purchasing an additional 13,221 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Up 9.3%

MBLY traded up $1.53 during mid-day trading on Tuesday, hitting $17.95. 9,586,900 shares of the stock were exchanged, compared to its average volume of 5,415,229. The company has a market cap of $14.58 billion, a PE ratio of 205.25, a PEG ratio of 148.23 and a beta of 0.48. The firm's fifty day moving average is $15.24 and its two-hundred day moving average is $16.03. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $28.73.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The firm had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. The business's quarterly revenue was up 83.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. As a group, research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

MBLY has been the topic of several recent research reports. Wall Street Zen raised Mobileye Global to a "sell" rating in a report on Tuesday, April 29th. UBS Group reduced their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Robert W. Baird upped their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. TD Cowen upped their price target 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. Finally, Piper Sandler lifted their target price on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global currently has a consensus rating of "Hold" and a consensus price target 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.