Mandatum Life Insurance Co Ltd Increases Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Mandatum Life Insurance Co Ltd grew its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 25.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 158,792 shares of the company’s stock after acquiring an additional 31,876 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Mobileye Global were worth $2,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its holdings in shares of Mobileye Global by 6.7% during the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock worth $341,000 after acquiring an additional 664 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Mobileye Global by 9.9% during the 1st quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after acquiring an additional 774 shares during the period. Register Financial Advisors LLC purchased a new position in shares of Mobileye Global during the 1st quarter worth approximately $32,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Mobileye Global by 24.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock worth $203,000 after acquiring an additional 1,248 shares during the period. Finally, Guinness Atkinson Asset Management Inc grew its holdings in shares of Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Insider Transactions at Mobileye Global

In related news, CEO Amnon Shashua acquired 631,963 shares of Mobileye Global stock in a transaction dated Friday, August 2nd. The stock was 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 directly owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Patrick P. Gelsinger acquired 6,400 shares of Mobileye Global stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the purchase, the director now directly owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amnon Shashua acquired 631,963 shares of Mobileye Global stock in a transaction dated Friday, August 2nd. The stock was bought at an average price 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 in the company, valued at $67,362,401.47. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded up $0.15 during midday trading on Monday, hitting $12.94. 2,168,939 shares of the stock traded hands, compared to its average volume of 4,853,881. The firm has a 50-day moving average of $13.07 and a two-hundred day moving average of $22.04. The firm has a market capitalization of $10.47 billion, a P/E ratio of -60.90 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 released its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. Equities analysts forecast that Mobileye Global Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MBLY shares. Royal Bank of Canada downgraded Mobileye Global from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $24.00 to $11.00 in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. Robert W. Baird cut their price target on Mobileye Global from $40.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Evercore ISI cut their price target on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Finally, Wolfe Research downgraded Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mobileye Global has an average rating of “Hold” and an average price target of $25.55.

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.