Handelsbanken Fonder AB Grows Position in Mobileye Global Inc. (NASDAQ:MBLY)

Handelsbanken Fonder AB increased its position in Mobileye Global Inc. (NASDAQ:MBLY) by 219.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,605 shares of the company’s stock after purchasing an additional 32,037 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mobileye Global were worth $2,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MBLY. Venturi Wealth Management LLC increased its position in Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after buying an additional 300 shares in the last quarter. Wealth Management Partners LLC increased its holdings in shares of Mobileye Global by 3.1% in the 3rd quarter. Wealth Management Partners LLC now owns 11,723 shares of the company’s stock worth $487,000 after purchasing an additional 350 shares in the last quarter. CWM LLC bought a new stake in shares of Mobileye Global in the 3rd quarter worth $25,000. Capital Investment Advisory Services LLC increased its holdings in shares of Mobileye Global by 4.8% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 14,300 shares of the company’s stock worth $594,000 after purchasing an additional 650 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Mobileye Global by 52.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,266 shares of the company’s stock worth $94,000 after acquiring an additional 784 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 3,600 shares of the stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the transaction, the director now directly owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $29.20 on Friday. The stock’s 50-day simple moving average is $29.23 and its 200-day simple moving average is $33.40. Mobileye Global Inc. has a 52 week low of $23.49 and a 52 week high of $47.41.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. The business had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Research analysts predict that Mobileye Global Inc. will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MBLY has been the subject of several research analyst reports. Barclays cut their price objective on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Royal Bank of Canada cut their price objective on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Mizuho cut their price objective on Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 26th. Piper Sandler lifted their price objective on Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday. Finally, TD Cowen lifted their price objective on Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.70.

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.