Polianta Ltd Purchases 55,900 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Polianta Ltd increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 139.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,100 shares of the company’s stock after buying an additional 55,900 shares during the period. Mobileye Global accounts for 0.6% of Polianta Ltd’s investment portfolio, making the stock its 18th biggest position. Polianta Ltd’s holdings in Mobileye Global were worth $1,316,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MBLY. Register Financial Advisors LLC bought a new position in shares of Mobileye Global in the first quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. bought a new position in Mobileye Global in the fourth quarter valued at $77,000. Cranbrook Wealth Management LLC bought a new stake in Mobileye Global during the second quarter worth about $84,000. Natixis Investment Managers International purchased a new position in shares of Mobileye Global in the 1st quarter worth about $99,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after purchasing an additional 3,478 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mobileye Global news, Director Patrick P. Gelsinger bought 6,400 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the acquisition, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Amnon Shashua acquired 631,963 shares of Mobileye Global stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger bought 6,400 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This represents 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.

Analysts Set New Price Targets

MBLY has been the subject of a number of recent research reports. Fox Advisors downgraded Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Mobileye Global in a research note on Tuesday, September 10th. HSBC started coverage on shares of Mobileye Global in a research report on Monday, July 15th. They issued a “buy” rating and a $33.00 target price on the stock. Robert W. Baird reduced their price objective on Mobileye Global from $40.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Westpark Capital reissued a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.85.

Mobileye Global Stock Up 4.9 %

MBLY opened at $12.89 on Monday. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The stock has a market cap of $10.43 billion, a PE ratio of -61.38 and a beta of 0.08. The business has a 50 day moving average of $13.35 and a 200-day moving average of $22.66.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $439.00 million during 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 company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. Equities analysts anticipate that Mobileye Global Inc. will post -0.06 EPS for the current year.

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.