iA Global Asset Management Inc. Has $733,000 Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

iA Global Asset Management Inc. raised its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 30.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,113 shares of the company’s stock after buying an additional 6,082 shares during the period. iA Global Asset Management Inc.’s holdings in Mobileye Global were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. TD Asset Management Inc lifted its position in Mobileye Global by 59.2% during the 4th quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock worth $6,068,000 after buying an additional 52,088 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Mobileye Global during the first quarter valued at approximately $1,294,000. Pinebridge Investments L.P. increased its holdings in shares of Mobileye Global by 70.4% in the fourth quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock valued at $10,537,000 after purchasing an additional 100,494 shares in the last quarter. Wells Fargo & Company MN raised its position in Mobileye Global by 15.2% in the 4th quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock worth $11,430,000 after purchasing an additional 34,763 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Mobileye Global by 2.2% during the 4th quarter. Assetmark Inc. now owns 108,331 shares of the company’s stock worth $4,693,000 after buying an additional 2,346 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MBLY. Evercore ISI restated an “outperform” rating and set a $35.00 target price on shares of Mobileye Global in a research report on Monday, August 26th. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Royal Bank of Canada reduced their target price on shares of Mobileye Global from $34.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Fox Advisors downgraded shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Finally, Barclays reduced their price objective on shares of Mobileye Global from $40.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.60.

Mobileye Global Trading Up 1.7 %

MBLY opened at $14.28 on Friday. The stock has a market capitalization of $11.56 billion, a P/E ratio of -68.00, a P/E/G ratio of 29.75 and a beta of 0.13. Mobileye Global Inc. has a 12 month low of $13.16 and a 12 month high of $44.48. The firm’s fifty day simple moving average is $20.81 and its 200 day simple moving average is $25.84.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Mobileye Global’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts predict that Mobileye Global Inc. will post 0.08 EPS for the current fiscal year.

Insider Activity

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

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.