Sei Investments Co. Sells 74,403 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Sei Investments Co. decreased its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 51.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,657 shares of the company’s stock after selling 74,403 shares during the quarter. Sei Investments Co.’s holdings in Mobileye Global were worth $1,956,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global in the first quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. purchased a new stake in Mobileye Global in the fourth quarter worth about $77,000. Cranbrook Wealth Management LLC purchased a new position in Mobileye Global during the 2nd quarter valued at about $84,000. Natixis Investment Managers International bought a new stake in shares of Mobileye Global in the 1st quarter valued at about $99,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Mobileye Global by 64.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock worth $162,000 after purchasing an additional 1,470 shares during the period. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MBLY has been the subject of a number of recent research reports. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a report on Wednesday. UBS Group downgraded Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $14.00 in a research report on Friday. Fox Advisors lowered shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Finally, Needham & Company LLC lowered their target price on shares of Mobileye Global from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.80.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 6,400 shares of Mobileye Global stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $15.48 per share, with a total value of $99,072.00. Following the acquisition, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Patrick P. Gelsinger acquired 6,400 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $15.48 per share, with a total value of $99,072.00. Following the completion of the acquisition, the director now directly owns 139,106 shares in the company, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amnon Shashua bought 631,963 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the transaction, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Mobileye Global Trading Up 4.4 %

Shares of MBLY stock opened at $12.93 on Friday. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The stock has a 50 day moving average of $13.99 and a 200 day moving average of $23.42. The stock has a market cap of $10.46 billion, a P/E ratio of -61.57 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. On average, research analysts predict that Mobileye Global Inc. will post -0.06 earnings per share for the current fiscal 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.