Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 344.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,929 shares of the company’s stock after acquiring an additional 3,045 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mobileye Global were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in shares of Mobileye Global by 33.3% during the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock worth $50,000 after purchasing an additional 300 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in 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 acquiring an additional 650 shares during the period. PNC Financial Services Group Inc. grew its position in Mobileye Global by 52.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,266 shares of the company’s stock valued at $94,000 after acquiring an additional 784 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Mobileye Global during the third quarter valued at approximately $35,000. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Mobileye Global by 14.6% during the third quarter. Kestra Private Wealth Services LLC now owns 8,850 shares of the company’s stock worth $368,000 after purchasing an additional 1,125 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $28.67 on Thursday. Mobileye Global Inc. has a 1 year low of $23.49 and a 1 year high of $47.41. The stock has a fifty day moving average of $29.89 and a two-hundred day moving average of $32.98. The firm has a market capitalization of $23.11 billion, a PE ratio of -136.52, a price-to-earnings-growth ratio of 19.69 and a beta of 0.12.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Mobileye Global from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Raymond James dropped their price objective on Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. JPMorgan Chase & Co. raised their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada reduced their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Finally, Barclays dropped their target price on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.39.

Insiders Place Their Bets

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the purchase, the director now directly owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mobileye Global news, Director Patrick P. Gelsinger purchased 1,611 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of $28.17 per share, with a total value of $45,381.87. Following the acquisition, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick P. Gelsinger bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $27.53 per share, with a total value of $55,060.00. Following the completion of the purchase, the director now owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.

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.