Mobileye Global Inc. (NASDAQ:MBLY) Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 43.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 386,477 shares of the company's stock after acquiring an additional 116,276 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in Mobileye Global were worth $16,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MBLY. Barclays PLC bought a new position in Mobileye Global in the third quarter valued at $211,000. Natixis Advisors L.P. increased its position in shares of Mobileye Global by 166.9% during the 3rd quarter. Natixis Advisors L.P. now owns 87,547 shares of the company's stock valued at $3,638,000 after purchasing an additional 54,745 shares during the last quarter. TrueMark Investments LLC purchased a new position in shares of Mobileye Global during the 4th quarter valued at about $1,662,000. Platinum Investment Management Ltd. raised its holdings in shares of Mobileye Global by 207.4% during the 3rd quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company's stock valued at $41,501,000 after buying an additional 673,906 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Mobileye Global in the 3rd quarter worth approximately $35,374,000. Hedge funds and other institutional investors own 13.25% of the company's stock.

Mobileye Global Price Performance

NASDAQ MBLY traded up $0.83 during trading hours on Wednesday, reaching $30.96. 3,087,653 shares of the company's stock traded hands, compared to its average volume of 4,747,022. The firm has a market cap of $24.96 billion, a PE ratio of -782.05, a PEG ratio of 15.46 and a beta of -0.21. Mobileye Global Inc. has a 52-week low of $23.49 and a 52-week high of $47.41. The firm has a 50-day simple moving average of $28.61 and a 200 day simple moving average of $33.87.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $637.00 million for the quarter, compared to analysts' expectations of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. Sell-side analysts forecast that Mobileye Global Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In other news, Director Patrick P. Gelsinger bought 3,600 shares of the company's stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the purchase, the director now owns 129,095 shares in the company, valued at approximately $3,582,386.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on MBLY shares. Bank of America downgraded shares of Mobileye Global from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $47.00 to $22.00 in a research note on Thursday, January 4th. Barclays lowered their price target on shares of Mobileye Global from $46.00 to $43.00 and set an "overweight" rating for the company in a research note on Friday, January 26th. Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective on the stock in a research note on Friday, April 12th. Piper Sandler assumed coverage on Mobileye Global in a report on Friday, March 15th. They issued a "neutral" rating and a $31.00 price objective on the stock. Finally, TD Cowen dropped their target price on Mobileye Global from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.91.

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.