Mystic Asset Management Inc. Has $372,000 Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Mystic Asset Management Inc. raised its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 22.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,250 shares of the company’s stock after purchasing an additional 2,400 shares during the quarter. Mystic Asset Management Inc.’s holdings in Mobileye Global were worth $372,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth $28,000. Register Financial Advisors LLC acquired a new stake in Mobileye Global during the 1st quarter worth about $32,000. National Bank of Canada FI grew its holdings in Mobileye Global by 90.0% during the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after acquiring an additional 675 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Mobileye Global in the 4th quarter valued at about $77,000. Finally, Natixis Investment Managers International acquired a new position in shares of Mobileye Global in the 1st quarter valued at about $99,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Up 3.2 %

Mobileye Global stock opened at $10.91 on Friday. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The company’s 50 day moving average price is $17.70 and its two-hundred day moving average price is $24.92. The stock has a market cap of $8.83 billion, a P/E ratio of -51.95 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $439.00 million for 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%. Mobileye Global’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. On average, equities analysts anticipate that Mobileye Global Inc. will post -0.07 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on MBLY shares. Morgan Stanley raised shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $25.00 to $18.00 in a research report on Friday, August 2nd. Fox Advisors downgraded shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group cut their price objective 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. Daiwa Capital Markets lowered Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.81.

Insider Buying and Selling

In related news, CEO Amnon Shashua acquired 631,963 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Amnon Shashua acquired 631,963 shares of Mobileye Global 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 acquisition, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick P. Gelsinger bought 6,400 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the purchase, the director now owns 139,106 shares of the company’s stock, valued at $2,153,360.88. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

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.