Mobileye Global Inc. (NASDAQ:MBLY) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 55.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,257 shares of the company’s stock after purchasing an additional 14,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Mobileye Global were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Baillie Gifford & Co. raised its position in shares of Mobileye Global by 89.8% during the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after acquiring an additional 7,560,929 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of Mobileye Global during the 4th quarter valued at approximately $148,924,000. Wellington Management Group LLP raised its position in shares of Mobileye Global by 200.3% during the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after acquiring an additional 2,266,438 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Mobileye Global by 20.9% during the 1st quarter. DAVENPORT & Co LLC now owns 2,364,377 shares of the company’s stock valued at $76,519,000 after acquiring an additional 408,038 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Mobileye Global by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company’s stock valued at $65,923,000 after acquiring an additional 94,946 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mobileye Global

In other Mobileye Global news, CEO Amnon Shashua purchased 631,963 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the transaction, the chief executive officer now directly owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mobileye Global news, CEO Amnon Shashua purchased 631,963 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the transaction, the chief executive officer now directly owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick P. Gelsinger purchased 6,400 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the transaction, the director now owns 139,106 shares in the company, valued at $2,153,360.88. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Daiwa America downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. HSBC assumed coverage on Mobileye Global in a research note on Monday, July 15th. They set a “buy” rating and a $33.00 price objective for the company. BNP Paribas downgraded Mobileye Global from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Monday, August 5th. Robert W. Baird lowered their price objective on Mobileye Global from $40.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price objective on shares of Mobileye Global in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.81.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $12.34 on Tuesday. The stock’s 50 day simple moving average is $15.93 and its 200 day simple moving average is $24.30. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of -58.76 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the business earned $0.11 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, analysts forecast that Mobileye Global Inc. will post -0.07 EPS for the current fiscal year.

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.