PFG Investments LLC Reduces Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

PFG Investments LLC reduced its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 36.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,951 shares of the company’s stock after selling 10,673 shares during the period. PFG Investments LLC’s holdings in Mobileye Global were worth $273,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in shares of Mobileye Global by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company’s stock worth $283,101,000 after acquiring an additional 621,062 shares during the last quarter. Norges Bank purchased a new position in shares of Mobileye Global during the fourth quarter worth approximately $95,937,000. Primecap Management Co. CA grew its position in shares of Mobileye Global by 2.3% during the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock worth $35,944,000 after acquiring an additional 40,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Mobileye Global by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company’s stock worth $34,181,000 after acquiring an additional 45,756 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Mobileye Global by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company’s stock worth $30,569,000 after acquiring an additional 8,340 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the completion of the transaction, the executive vice president now owns 107,853 shares of the company’s stock, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. UBS Group decreased their price target on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Needham & Company LLC decreased their price target on Mobileye Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Mizuho decreased their price target on Mobileye Global from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, TD Cowen increased their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.63.

Mobileye Global Stock Down 0.2%

NASDAQ:MBLY opened at $17.92 on Thursday. The company has a market capitalization of $14.55 billion, a PE ratio of -4.87, a price-to-earnings-growth ratio of 162.05 and a beta of 0.48. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $28.73. The stock has a fifty day simple moving average of $15.46 and a 200-day simple moving average of $16.06.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a positive return on equity of 0.54% and a negative net margin of 160.50%. The business’s revenue was up 83.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) EPS. As a group, equities analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

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.