Migdal Insurance & Financial Holdings Ltd. Grows Stake in Mobileye Global Inc. (NASDAQ:MBLY)

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

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Mobileye Global in the 4th quarter valued at about $423,732,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Mobileye Global during the 4th quarter valued at about $82,304,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Mobileye Global during the 4th quarter valued at about $77,203,000. Ameriprise Financial Inc. increased its stake in shares of Mobileye Global by 4,749.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,115,030 shares of the company’s stock valued at $46,329,000 after acquiring an additional 1,092,035 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Mobileye Global during the 4th quarter valued at about $35,870,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY traded up $1.10 during trading on Wednesday, hitting $31.23. 2,054,070 shares of the stock were exchanged, compared to its average volume of 4,729,726. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $47.41. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of -782.05, a price-to-earnings-growth ratio of 15.46 and a beta of -0.21. The company’s fifty day simple moving average is $28.61 and its 200-day simple moving average is $33.87.

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

Wall Street Analyst Weigh In

MBLY has been the subject of a number of research analyst reports. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Friday, April 12th. Needham & Company LLC decreased their price target on Mobileye Global from $43.00 to $36.00 and set a “buy” rating for the company in a report on Friday, January 5th. Robert W. Baird reduced their target price on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Bank of America lowered Mobileye Global from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $47.00 to $22.00 in a research report on Thursday, January 4th. Finally, Piper Sandler started coverage on Mobileye Global in a research report on Friday, March 15th. They set a “neutral” rating and a $31.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.91.

Insider Buying and Selling at Mobileye Global

In other news, Director Patrick P. Gelsinger bought 3,600 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the transaction, the director now directly owns 129,095 shares in the company, valued at approximately $3,582,386.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Mobileye Global 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.