Mandatum Life Insurance Co Ltd Raises Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Mandatum Life Insurance Co Ltd boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 25.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 158,792 shares of the company’s stock after buying an additional 31,876 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Mobileye Global were worth $2,175,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Mobileye Global during the first quarter valued at about $1,294,000. AXA S.A. grew its position in shares of Mobileye Global by 35.6% during the second quarter. AXA S.A. now owns 518,076 shares of the company’s stock valued at $14,550,000 after purchasing an additional 135,967 shares in the last quarter. Raymond James & Associates grew its position in shares of Mobileye Global by 258.7% during the second quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after purchasing an additional 242,640 shares in the last quarter. M&G Plc grew its position in shares of Mobileye Global by 8.9% during the second quarter. M&G Plc now owns 1,350,945 shares of the company’s stock valued at $37,826,000 after purchasing an additional 110,032 shares in the last quarter. Finally, Tobam purchased a new position in shares of Mobileye Global during the first quarter valued at about $7,168,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 1.2 %

Shares of Mobileye Global stock traded up $0.15 on Monday, hitting $12.94. 2,168,939 shares of the company traded hands, compared to its average volume of 4,853,881. The stock’s 50 day moving average price is $13.07 and its 200-day moving average price is $22.04. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The company has a market cap of $10.47 billion, a PE ratio of -60.90 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. As a group, research analysts anticipate that Mobileye Global Inc. will post -0.06 EPS for the current fiscal year.

Insider Activity

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 directly owns 139,106 shares in the company, valued at $2,153,360.88. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mobileye Global news, CEO Amnon Shashua acquired 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now directly owns 4,080,097 shares in the company, valued at $67,362,401.47. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired 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 $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MBLY shares. HSBC started coverage on Mobileye Global in a research report on Monday, July 15th. They set a “buy” rating and a $33.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Barclays cut their price objective on Mobileye Global from $27.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Daiwa Capital Markets downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, Mizuho downgraded shares of Mobileye Global from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $13.00 in a report on Friday, October 11th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.55.

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.