Raymond James & Associates Has $8.36 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Raymond James & Associates lifted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 81.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 609,841 shares of the company’s stock after purchasing an additional 273,424 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Mobileye Global worth $8,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cranbrook Wealth Management LLC bought a new position in Mobileye Global during the second quarter valued at about $84,000. Natixis Investment Managers International acquired a new position in shares of Mobileye Global during the 1st quarter valued at about $99,000. PNC Financial Services Group Inc. raised its stake 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 valued at $162,000 after acquiring an additional 1,470 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after purchasing an additional 3,478 shares during the period. Finally, Lipe & Dalton grew its holdings in Mobileye Global by 53.6% during the first quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock valued at $138,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

MBLY has been the subject of several recent analyst reports. Daiwa America downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada cut shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $24.00 to $11.00 in a report on Tuesday, October 15th. Fox Advisors lowered Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. UBS Group downgraded Mobileye Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $14.00 in a research note on Friday, October 4th. Finally, BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and a consensus target price of $25.55.

Insider Buying and Selling at Mobileye Global

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

Mobileye Global Trading Up 1.9 %

NASDAQ:MBLY opened at $13.27 on Wednesday. The stock has a market capitalization of $10.73 billion, a P/E ratio of -63.17 and a beta of 0.08. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48. The firm has a 50 day moving average of $12.83 and a 200-day moving average of $21.04.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s revenue for the quarter 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.

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.