Level Four Advisory Services LLC Sells 4,047 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Level Four Advisory Services LLC decreased its position in shares of Mobileye Global Inc. (NASDAQ:MBLYFree Report) by 18.0% in the fourth quarter, Holdings Channel reports. The fund owned 18,375 shares of the company’s stock after selling 4,047 shares during the period. Level Four Advisory Services LLC’s holdings in Mobileye Global were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. DAVENPORT & Co LLC lifted its holdings in shares of Mobileye Global by 2.0% during the fourth quarter. DAVENPORT & Co LLC now owns 1,956,339 shares of the company’s stock worth $85,109,000 after buying an additional 38,667 shares during the last quarter. DekaBank Deutsche Girozentrale grew 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 buying an additional 71,000 shares in the last quarter. Wellington Management Group LLP raised its holdings in Mobileye Global by 168.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,131,773 shares of the company’s stock valued at $47,025,000 after acquiring an additional 709,982 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Mobileye Global by 4,749.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,115,030 shares of the company’s stock worth $46,329,000 after purchasing an additional 1,092,035 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Mobileye Global by 2.2% in the third quarter. Vanguard Group Inc. now owns 1,104,828 shares of the company’s stock valued at $45,906,000 after purchasing an additional 23,342 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Patrick P. Gelsinger bought 1,611 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the transaction, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mobileye Global news, Director Patrick P. Gelsinger bought 2,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was purchased 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 in the company, valued at $3,609,045.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick P. Gelsinger purchased 1,611 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the transaction, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Mobileye Global Stock Performance

Mobileye Global stock opened at $28.58 on Monday. Mobileye Global Inc. has a 1 year low of $23.49 and a 1 year high of $47.41. The company’s 50-day moving average is $30.11 and its two-hundred day moving average is $32.62.

Mobileye Global (NASDAQ:MBLYGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. The business had revenue of $239.00 million during the quarter, compared to analyst estimates of $226.60 million. As a group, equities analysts expect that Mobileye Global Inc. will post 0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MBLY. Citigroup dropped their price objective on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Canaccord Genuity Group raised their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Piper Sandler upped their price objective on Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Mizuho lowered their price target on Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global has an average rating of “Moderate Buy” and a consensus target price of $40.39.

Get Our Latest Analysis on Mobileye Global

Mobileye Global Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mobileye Global (NASDAQ:MBLY)

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