Avitas Wealth Management LLC Invests $137,000 in Mobileye Global Inc. (NASDAQ:MBLY)

Avitas Wealth Management LLC purchased a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $137,000.

A number of other hedge funds have also bought and sold shares of MBLY. Cranbrook Wealth Management LLC bought a new position in Mobileye Global in the 2nd quarter valued at $84,000. Natixis Investment Managers International purchased a new stake in Mobileye Global during the first quarter worth about $99,000. EverSource Wealth Advisors LLC raised its position in Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after acquiring an additional 3,478 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after acquiring an additional 1,257 shares during the last quarter. Finally, Lipe & Dalton grew its position in shares of Mobileye Global by 53.6% during the 1st quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock valued at $138,000 after acquiring an additional 1,500 shares during the period. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Price Performance

MBLY stock opened at $12.42 on Thursday. The firm has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $20.98. The stock has a market cap of $10.05 billion, a PE ratio of -59.14 and a beta of 0.08. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $44.48.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $439.00 million during the quarter, compared to analyst estimates of $424.34 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, research analysts expect that Mobileye Global Inc. will post -0.06 EPS for the current fiscal year.

Insider Transactions at Mobileye Global

In other news, Director Patrick P. Gelsinger bought 6,400 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now directly owns 139,106 shares of the company’s stock, valued at $2,153,360.88. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Mobileye Global news, Director Patrick P. Gelsinger bought 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the transaction, the director now directly owns 139,106 shares in the company, valued at $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amnon Shashua purchased 631,963 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the purchase, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MBLY. Robert W. Baird lowered their price target on shares of Mobileye Global from $40.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Daiwa America cut Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Mizuho lowered Mobileye Global from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $13.00 in a report on Friday, October 11th. Needham & Company LLC dropped their price objective on shares of Mobileye Global from $36.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average 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.