Migdal Insurance & Financial Holdings Ltd. Has $16.74 Million Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,477 shares of the company’s stock after acquiring an additional 116,276 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Mobileye Global were worth $16,744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mobileye Global by 344.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,929 shares of the company’s stock worth $170,000 after buying an additional 3,045 shares during the period. Birch Hill Investment Advisors LLC acquired a new position in shares of Mobileye Global in the 4th quarter valued at about $19,017,000. International Assets Investment Management LLC lifted its stake in shares of Mobileye Global by 163.7% in the 4th quarter. International Assets Investment Management LLC now owns 2,816 shares of the company’s stock valued at $122,000 after purchasing an additional 1,748 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Mobileye Global by 5.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,392,387 shares of the company’s stock valued at $61,042,000 after purchasing an additional 71,000 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of Mobileye Global by 33.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock valued at $69,000 after purchasing an additional 400 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Price Performance

MBLY traded up $1.10 on Wednesday, hitting $31.23. The company had a trading volume of 2,054,070 shares, compared to its average volume of 4,729,726. Mobileye Global Inc. has a 52-week low of $23.49 and a 52-week high of $47.41. The stock has a fifty day simple moving average of $28.61 and a 200-day simple moving average of $33.87. The firm has a market capitalization of $25.18 billion, a P/E ratio of -782.05, a P/E/G ratio of 15.46 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $637.53 million. During the same period last year, the business earned $0.27 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Equities research analysts expect that Mobileye Global Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Mobileye Global

In related news, Director Patrick P. Gelsinger bought 3,600 shares of the business’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $27.75 per share, with a total value of $99,900.00. Following the transaction, the director now owns 129,095 shares in the company, valued at approximately $3,582,386.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MBLY. Piper Sandler started coverage on Mobileye Global in a research note on Friday, March 15th. They issued a “neutral” rating and a $31.00 price objective on the stock. Bank of America lowered Mobileye Global from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $47.00 to $22.00 in a report on Thursday, January 4th. Raymond James reduced their target price on Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. Mizuho reduced their target price on Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, TD Cowen reduced their target price on Mobileye Global from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.91.

Mobileye Global Company 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.