Handelsbanken Fonder AB Buys 32,037 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Handelsbanken Fonder AB raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 219.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,605 shares of the company's stock after purchasing an additional 32,037 shares during the period. Handelsbanken Fonder AB's holdings in Mobileye Global were worth $2,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Mobileye Global by 43.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,477 shares of the company's stock valued at $16,744,000 after buying an additional 116,276 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mobileye Global by 344.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,929 shares of the company's stock valued at $170,000 after buying an additional 3,045 shares during the last quarter. Birch Hill Investment Advisors LLC acquired a new position in Mobileye Global during the fourth quarter worth approximately $19,017,000. DekaBank Deutsche Girozentrale increased its position in Mobileye Global by 5.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,392,387 shares of the company's stock worth $61,042,000 after purchasing an additional 71,000 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Mobileye Global by 163.7% during the fourth quarter. International Assets Investment Management LLC now owns 2,816 shares of the company's stock worth $122,000 after purchasing an additional 1,748 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.

Mobileye Global Stock Down 5.5 %

Mobileye Global stock traded down $1.70 during trading hours on Friday, hitting $29.20. 5,592,193 shares of the company traded hands, compared to its average volume of 2,315,836. The firm has a market cap of $23.54 billion, a P/E ratio of -139.04, a P/E/G ratio of 14.36 and a beta of -0.21. The firm's 50-day simple moving average is $29.23 and its two-hundred day simple moving average is $33.36. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $47.41.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data 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. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.75%. The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $637.53 million. During the same quarter last year, the firm posted $0.27 EPS. The business's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Mobileye Global Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

MBLY has been the subject of several research reports. JPMorgan Chase & Co. boosted 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. Mizuho decreased their price objective on shares of Mobileye Global from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, January 26th. Raymond James decreased their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Royal Bank of Canada decreased their target price on shares of Mobileye Global from $45.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, January 26th. Finally, Canaccord Genuity Group upped their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the company a "buy" rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Mobileye Global currently has a consensus rating of "Moderate Buy" and an average target price of $41.70.

Insider Activity

In other news, Director Patrick P. Gelsinger bought 3,600 shares of the firm's stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the acquisition, the director now directly owns 129,095 shares in the company, valued at approximately $3,582,386.25. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.60% 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.