Vontobel Holding Ltd. Buys 19,714 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Vontobel Holding Ltd. raised its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 48.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,758 shares of the company’s stock after purchasing an additional 19,714 shares during the period. Vontobel Holding Ltd.’s holdings in Mobileye Global were worth $832,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Mobileye Global by 64.9% in the fourth 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 last quarter. Park Avenue Securities LLC purchased a new stake in Mobileye Global in the first quarter worth approximately $516,000. Richelieu Gestion SA boosted its holdings in Mobileye Global by 11.7% in the first quarter. Richelieu Gestion SA now owns 83,636 shares of the company’s stock worth $2,689,000 after purchasing an additional 8,759 shares during the last quarter. TrueMark Investments LLC boosted its holdings in Mobileye Global by 13.5% in the first quarter. TrueMark Investments LLC now owns 43,543 shares of the company’s stock worth $1,400,000 after purchasing an additional 5,187 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in Mobileye Global in the first quarter worth approximately $32,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mobileye Global

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

Analysts Set New Price Targets

Several brokerages recently issued reports on MBLY. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $25.00 to $18.00 in a report on Friday, August 2nd. Mizuho cut shares of Mobileye Global from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $13.00 in a research note on Friday, October 11th. Needham & Company LLC dropped their price target on shares of Mobileye Global from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. BNP Paribas cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.55.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $12.79 on Monday. The company has a market cap of $10.35 billion, a P/E ratio of -60.90 and a beta of 0.08. The firm’s fifty day moving average is $13.07 and its two-hundred day moving average is $22.04. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $44.48.

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