Ayalon Insurance Comp Ltd. Trims Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Ayalon Insurance Comp Ltd. decreased its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 2.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,219 shares of the company’s stock after selling 1,728 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Mobileye Global were worth $2,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mobileye Global during the 4th quarter valued at about $437,842,000. Kodai Capital Management LP acquired a new stake in Mobileye Global in the fourth quarter valued at approximately $148,924,000. Wellington Management Group LLP increased its position in shares of Mobileye Global by 200.3% in the fourth quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after buying an additional 2,266,438 shares in the last quarter. Ameriprise Financial Inc. raised 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 worth $46,329,000 after buying an additional 1,092,035 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Mobileye Global during the 3rd quarter valued at approximately $35,374,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mobileye Global

In related news, Director Patrick P. Gelsinger bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $27.53 per share, with a total value of $55,060.00. Following the transaction, the director now directly owns 131,095 shares of the company’s stock, valued at approximately $3,609,045.35. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Patrick P. Gelsinger acquired 1,611 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $28.17 per share, with a total value of $45,381.87. Following the completion of the acquisition, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patrick P. Gelsinger bought 2,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

Mobileye Global Stock Performance

Shares of MBLY traded up $2.07 during midday trading on Wednesday, hitting $28.15. The company had a trading volume of 4,389,115 shares, compared to its average volume of 4,255,622. Mobileye Global Inc. has a 1 year low of $23.49 and a 1 year high of $45.10. The firm has a market capitalization of $22.70 billion, a P/E ratio of -134.04, a P/E/G ratio of 40.56 and a beta of 0.03. The company’s 50-day simple moving average is $28.24 and its 200-day simple moving average is $30.22.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $239.00 million during the quarter, compared to analysts’ expectations of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. Equities analysts predict that Mobileye Global Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley lowered Mobileye Global from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $26.00 to $25.00 in a research note on Friday, April 26th. Piper Sandler raised their price objective on Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, April 26th. TD Cowen increased their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Mobileye Global in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.19.

About Mobileye Global

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.