Thrivent Financial for Lutherans trimmed its position in shares of Mobileye Global Inc. (NASDAQ:MBLY – Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,616,909 shares of the company’s stock after selling 377,024 shares during the period. Thrivent Financial for Lutherans owned 0.57% of Mobileye Global worth $129,666,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in MBLY. Skandinaviska Enskilda Banken AB publ lifted its stake in Mobileye Global by 55.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 40,257 shares of the company’s stock worth $1,131,000 after acquiring an additional 14,300 shares in the last quarter. Blair William & Co. IL grew its position in Mobileye Global by 29.1% during the second quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock valued at $249,000 after purchasing an additional 1,999 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new position in Mobileye Global in the 2nd quarter valued at approximately $84,000. Mystic Asset Management Inc. lifted its position in Mobileye Global by 22.1% in the 2nd quarter. Mystic Asset Management Inc. now owns 13,250 shares of the company’s stock worth $372,000 after buying an additional 2,400 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Mobileye Global by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 394,835 shares of the company’s stock valued at $11,089,000 after purchasing an additional 6,026 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Mobileye Global news, Director Patrick P. Gelsinger bought 6,400 shares of the stock in a transaction on Monday, August 5th. The stock was purchased 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. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Amnon Shashua purchased 631,963 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the acquisition, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, with a total value of $99,072.00. Following 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 currently owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on MBLY
Mobileye Global Price Performance
MBLY opened at $12.38 on Friday. The company’s 50 day simple moving average is $16.50 and its 200-day simple moving average is $24.54. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $44.48. The stock has a market capitalization of $10.02 billion, a P/E ratio of -58.95 and a beta of 0.08.
Mobileye Global (NASDAQ:MBLY – Get Free Report) last issued its quarterly 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 business had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, analysts anticipate that Mobileye Global Inc. will post -0.07 EPS 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.
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