2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company raised its stake in Mobileye Global Inc. ( NASDAQ:MBLY – Free Report ) by 807.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 9,073,601 shares of the company’s stock after purchasing an additional 8,073,552 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Mobileye Global were worth $254,832,000 at the end of the most recent quarter. Several other institutional investors also recently made changes to their positions in the stock.
Register Financial Advisors LLC purchased a new position in shares of Mobileye Global in the 1st quarter worth $32,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Mobileye Global in the 4th quarter worth about $77,000.
Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the 2nd quarter valued at about $84,000. Natixis Investment Managers International purchased a new stake in shares of Mobileye Global during the 1st quarter worth about $99,000. Finally, EverSource Wealth Advisors LLC increased its position in Mobileye Global by 1,019.
9% during the 2nd 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 in the last quarter. 13.
25% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Mobileye Global In other Mobileye Global news, Director Patrick P. Gelsinger purchased 6,400 shares of Mobileye Global stock in a transaction dated Monday, August 5th.
The shares were bought at an average cost of $15.48 per share, for a total transaction of $99,072.00.
Following the transaction, the director now owns 139,106 shares in the company, valued at approximately $2,153,360.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website .
In related news, Director Patrick P. Gelsinger bought 6,400 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $15.
48 per share, with a total value of $99,072.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website . Also, CEO Amnon Shashua purchased 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd.
The stock was bought at an average cost of $16.51 per share, for a total transaction of $10,433,709.13.
Following the acquisition, the chief executive officer now owns 4,080,097 shares in the company, valued at approximately $67,362,401.47. The disclosure for this purchase can be found here .
1.80% of the stock is owned by insiders. Mobileye Global Stock Performance Mobileye Global ( NASDAQ:MBLY – Get Free Report ) last issued 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. The company 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 business’s revenue was down 3.3% on a year-over-year basis.
During the same quarter last year, the firm earned $0.11 EPS. On average, equities research analysts forecast that Mobileye Global Inc.
will post -0.06 EPS for the current fiscal year. Analysts Set New Price Targets MBLY has been the topic of a number of recent research reports.
The Goldman Sachs Group reduced their price target on shares of Mobileye Global from $32.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.
BNP Paribas cut shares of Mobileye Global from an “outperform” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Monday, August 5th.
Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. UBS Group reduced their price objective on Mobileye Global from $22.00 to $20.
00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $15.00 target price on shares of Mobileye Global in a research note on Tuesday, September 10th.
Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.81.
Check Out Our Latest Stock Analysis on Mobileye Global About Mobileye Global ( Free Report ) 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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