Patrick P. Gelsinger Acquires 1,611 Shares of Mobileye Global Inc. (NASDAQ:MBLY) Stock

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) Director Patrick P. Gelsinger acquired 1,611 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $28.17 per share, with a total value of $45,381.87. Following the completion of the transaction, the director now owns 132,706 shares in the company, valued at $3,738,328.02. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Mobileye Global Stock Up 4.8 %

NASDAQ MBLY traded up $1.32 on Wednesday, hitting $28.87. The stock had a trading volume of 2,492,276 shares, compared to its average volume of 4,583,130. Mobileye Global Inc. has a one year low of $23.49 and a one year high of $47.41. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of -137.47, a P/E/G ratio of 13.02 and a beta of -0.21. The company's 50-day moving average is $29.32 and its two-hundred day moving average is $33.22.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MBLY. JPMorgan Chase & Co. upped their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Bank of America lowered shares of Mobileye Global from a "neutral" rating to an "underperform" rating and cut their target price for the company from $47.00 to $22.00 in a research note on Thursday, January 4th. Morgan Stanley lowered shares of Mobileye Global from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $26.00 to $25.00 in a research note on Friday, April 26th. Robert W. Baird cut their target price on shares of Mobileye Global from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, January 26th. Finally, Citigroup dropped their price objective on shares of Mobileye Global from $58.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $437,842,000. Baillie Gifford & Co. boosted its holdings in shares of Mobileye Global by 89.8% in the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company's stock valued at $513,925,000 after acquiring an additional 7,560,929 shares in the last quarter. Kodai Capital Management LP bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $148,924,000. Wellington Management Group LLP boosted its holdings in shares of Mobileye Global by 200.3% in the fourth quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company's stock valued at $147,210,000 after acquiring an additional 2,266,438 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Mobileye Global by 4,749.0% in the third quarter. Ameriprise Financial Inc. now owns 1,115,030 shares of the company's stock valued at $46,329,000 after acquiring an additional 1,092,035 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

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.