ExodusPoint Capital Management LP Acquires 406,398 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

ExodusPoint Capital Management LP raised its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 858.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 453,750 shares of the company’s stock after acquiring an additional 406,398 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.06% of Mobileye Global worth $17,433,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Psagot Value Holdings Ltd. Israel bought a new position in shares of Mobileye Global in the second quarter valued at $50,000. Handelsbanken Fonder AB bought a new position in shares of Mobileye Global in the second quarter valued at $556,000. PFG Investments LLC bought a new position in shares of Mobileye Global in the first quarter valued at $371,000. Greenwood Capital Associates LLC bought a new position in shares of Mobileye Global in the first quarter valued at $2,389,000. Finally, SG Americas Securities LLC boosted its position in Mobileye Global by 2,357.3% during the second quarter. SG Americas Securities LLC now owns 161,174 shares of the company’s stock worth $6,192,000 after purchasing an additional 154,615 shares during the period. 14.85% of the stock is owned by institutional investors.

Insider Transactions at Mobileye Global

In related news, Director Claire C. Mccaskill bought 27,819 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was purchased at an average price of $35.95 per share, with a total value of $1,000,093.05. Following the completion of the acquisition, the director now owns 27,819 shares of the company’s stock, valued at $1,000,093.05. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Patrick P. Gelsinger bought 2,845 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was purchased at an average price of $35.18 per share, with a total value of $100,087.10. Following the completion of the acquisition, the director now owns 125,495 shares of the company’s stock, valued at $4,414,914.10. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Claire C. Mccaskill acquired 27,819 shares of the stock in a transaction dated Tuesday, October 31st. The stock was purchased at an average cost of $35.95 per share, with a total value of $1,000,093.05. Following the purchase, the director now directly owns 27,819 shares of the company’s stock, valued at $1,000,093.05. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Mobileye Global Stock Down 0.7 %

MBLY opened at $41.50 on Tuesday. Mobileye Global Inc. has a twelve month low of $26.17 and a twelve month high of $48.11. The company has a 50-day simple moving average of $37.97 and a 200 day simple moving average of $39.12. The stock has a market capitalization of $3.93 billion and a price-to-earnings ratio of -522.63.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. Mobileye Global had a negative net margin of 2.99% and a positive return on equity of 3.23%. The business had revenue of $530.00 million during the quarter, compared to analysts’ expectations of $530.77 million. Sell-side analysts anticipate that Mobileye Global Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MBLY shares. Citigroup reiterated a “buy” rating and issued a $72.00 price objective on shares of Mobileye Global in a report on Monday, October 9th. TD Cowen decreased their price objective on shares of Mobileye Global from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Mobileye Global in a report on Friday, October 27th. Tigress Financial upped their price objective on shares of Mobileye Global from $52.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Finally, UBS Group started coverage on shares of Mobileye Global in a report on Tuesday, September 12th. They issued a “buy” rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

Mobileye Global Company Profile

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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.