Mobileye Global Inc. $MBLY Shares Acquired by Slow Capital Inc.

Slow Capital Inc. increased its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,565 shares of the company’s stock after purchasing an additional 9,912 shares during the quarter. Slow Capital Inc.’s holdings in Mobileye Global were worth $4,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC lifted its position in shares of Mobileye Global by 7.6% during the 1st quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company’s stock worth $34,111,000 after buying an additional 167,333 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Mobileye Global by 32.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company’s stock worth $28,822,000 after purchasing an additional 493,281 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Mobileye Global by 9.0% in the 1st quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company’s stock valued at $28,303,000 after purchasing an additional 161,800 shares during the last quarter. Vanguard Group Inc. grew its stake in Mobileye Global by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 1,779,189 shares of the company’s stock worth $25,611,000 after buying an additional 63,261 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Mobileye Global by 433.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company’s stock valued at $12,837,000 after buying an additional 724,695 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MBLY. Wall Street Zen downgraded Mobileye Global from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Royal Bank Of Canada raised their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group reduced their price objective on shares of Mobileye Global from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Bank of America reduced their price target on Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Finally, Barclays lifted their price target on Mobileye Global from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Insider Activity

In other news, major shareholder Corp Intel sold 63,731,985 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the completion of the sale, the insider directly owned 50,000,000 shares in the company, valued at $802,500,000. This represents a 56.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.

Mobileye Global Stock Performance

MBLY stock opened at $15.02 on Tuesday. Mobileye Global Inc. has a one year low of $11.12 and a one year high of $22.51. The company has a 50 day moving average price of $14.13 and a two-hundred day moving average price of $15.07. The stock has a market capitalization of $12.24 billion, a P/E ratio of -4.12, a PEG ratio of 9.23 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $506.00 million during the quarter, compared to analyst estimates of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Mobileye Global has set its FY 2025 guidance at EPS. Research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.