Park Avenue Securities LLC Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Park Avenue Securities LLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,044 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors also recently modified their holdings of the business. Venturi Wealth Management LLC boosted its position in shares of Mobileye Global by 33.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock valued at $69,000 after acquiring an additional 400 shares during the period. Capital Investment Advisory Services LLC boosted its position in shares of Mobileye Global by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after acquiring an additional 400 shares during the period. Green Alpha Advisors LLC boosted its position in shares of Mobileye Global by 2.6% in the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after acquiring an additional 500 shares during the period. Principal Securities Inc. bought a new stake in shares of Mobileye Global in the fourth quarter valued at about $28,000. Finally, National Bank of Canada FI boosted its position in shares of Mobileye Global by 90.0% in the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after acquiring an additional 675 shares during the period. Institutional investors own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Morgan Stanley cut shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $26.00 to $25.00 in a research report on Friday, April 26th. Canaccord Genuity Group upped their price objective on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Piper Sandler upped their price objective on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.19.

Insider Activity at Mobileye Global

In related news, Director Patrick P. Gelsinger bought 2,000 shares of Mobileye Global stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares of the company’s stock, valued at approximately $3,609,045.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were purchased at an average cost of $28.17 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger purchased 2,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares in the company, valued at approximately $3,609,045.35. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Mobileye Global Price Performance

Mobileye Global stock opened at $28.09 on Friday. The business has a 50 day moving average of $28.08 and a 200-day moving average of $30.10. Mobileye Global Inc. has a 1 year low of $23.49 and a 1 year high of $45.10. The company has a market capitalization of $22.64 billion, a P/E ratio of -133.73, a P/E/G ratio of 43.78 and a beta of 0.03.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 25th. The company reported ($0.14) EPS 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 company had revenue of $239.00 million during the quarter, compared to the consensus estimate of $226.60 million. Equities analysts anticipate that Mobileye Global Inc. will post 0.09 EPS for the current year.

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.