Ayalon Insurance Comp Ltd. Decreases Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Ayalon Insurance Comp Ltd. decreased its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,492 shares of the company’s stock after selling 1,727 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Mobileye Global were worth $1,924,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in Mobileye Global by 163.7% during the fourth quarter. International Assets Investment Management LLC now owns 2,816 shares of the company’s stock valued at $122,000 after acquiring an additional 1,748 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mobileye Global by 344.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,929 shares of the company’s stock valued at $170,000 after acquiring an additional 3,045 shares during the last quarter. Handelsbanken Fonder AB increased its position in Mobileye Global by 219.9% during the fourth quarter. Handelsbanken Fonder AB now owns 46,605 shares of the company’s stock valued at $2,019,000 after acquiring an additional 32,037 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in Mobileye Global by 2.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after acquiring an additional 400 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in Mobileye Global during the fourth quarter valued at $672,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MBLY. UBS Group cut their price objective on shares of Mobileye Global from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Robert W. Baird cut 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. Barclays cut their price target on shares of Mobileye Global from $40.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st. Finally, TD Cowen upped their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.42.

Insider Activity at Mobileye Global

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

Mobileye Global Stock Up 1.6 %

Shares of Mobileye Global stock traded up $0.24 during midday trading on Wednesday, hitting $15.16. The company had a trading volume of 3,060,185 shares, compared to its average volume of 4,460,281. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of -72.19, a PEG ratio of 29.75 and a beta of 0.13. The company has a fifty day simple moving average of $22.90 and a 200 day simple moving average of $26.55. Mobileye Global Inc. has a 12-month low of $13.83 and a 12-month high of $44.48.

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

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.