Vontobel Holding Ltd. Sells 24,751 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Vontobel Holding Ltd. decreased its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 19.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,892 shares of the company's stock after selling 24,751 shares during the period. Vontobel Holding Ltd.'s holdings in Mobileye Global were worth $4,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MBLY. Barclays PLC acquired a new position in Mobileye Global in the 3rd quarter worth $211,000. Natixis Advisors L.P. boosted its stake in Mobileye Global by 166.9% in the 3rd quarter. Natixis Advisors L.P. now owns 87,547 shares of the company's stock worth $3,638,000 after purchasing an additional 54,745 shares during the period. TrueMark Investments LLC acquired a new position in Mobileye Global in the 4th quarter worth $1,662,000. Platinum Investment Management Ltd. boosted its stake in Mobileye Global by 207.4% in the 3rd quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company's stock worth $41,501,000 after purchasing an additional 673,906 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Mobileye Global in the 3rd quarter worth $35,374,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Price Performance

Mobileye Global stock traded up $0.02 during trading hours on Thursday, hitting $30.98. The company had a trading volume of 2,044,440 shares, compared to its average volume of 4,710,989. The firm has a market cap of $24.97 billion, a PE ratio of -774.50, a PEG ratio of 14.86 and a beta of -0.21. Mobileye Global Inc. has a one year low of $23.49 and a one year high of $47.41. The firm has a 50-day moving average of $28.78 and a 200 day moving average of $33.83.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 negative net margin of 1.30% and a positive return on equity of 2.91%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. As a group, research analysts expect that Mobileye Global Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lowered shares of Mobileye Global from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $47.00 to $22.00 in a research note on Thursday, January 4th. JPMorgan Chase & Co. increased their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Needham & Company LLC reduced their price objective on shares of Mobileye Global from $43.00 to $36.00 and set a "buy" rating for the company in a research note on Friday, January 5th. Piper Sandler began coverage on shares of Mobileye Global in a research note on Friday, March 15th. They set a "neutral" rating and a $31.00 price objective for the company. Finally, Raymond James reduced their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.91.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger bought 3,600 shares of the firm's stock in a transaction on 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 transaction, the director now directly 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 can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

Mobileye Global 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.