Private Advisor Group LLC Buys 77,587 Shares of Mobileye Global Inc. $MBLY

Private Advisor Group LLC raised its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 28.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 353,706 shares of the company’s stock after buying an additional 77,587 shares during the quarter. Private Advisor Group LLC’s holdings in Mobileye Global were worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd increased its stake in shares of Mobileye Global by 977.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 218,016 shares of the company’s stock valued at $1,498,000 after acquiring an additional 197,781 shares during the last quarter. Leonteq Securities AG raised its position in shares of Mobileye Global by 1,946.2% in the 1st quarter. Leonteq Securities AG now owns 64,986 shares of the company’s stock valued at $446,000 after acquiring an additional 61,810 shares during the period. Keybank National Association OH bought a new position in Mobileye Global during the 1st quarter worth approximately $136,000. Impact Partnership Wealth LLC bought a new position in Mobileye Global during the 1st quarter worth approximately $81,000. Finally, Janney Montgomery Scott LLC grew its holdings in Mobileye Global by 80.3% during the first quarter. Janney Montgomery Scott LLC now owns 134,026 shares of the company’s stock valued at $921,000 after purchasing an additional 59,676 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Price Performance

MBLY stock opened at $9.53 on Friday. The stock has a market capitalization of $8.02 billion, a P/E ratio of -1.89 and a beta of 1.16. The business has a 50-day moving average of $9.43 and a 200-day moving average of $9.11. Mobileye Global Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $17.12.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $558.00 million for the quarter, compared to analyst estimates of $519.34 million. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.Mobileye Global’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS. Equities analysts expect that Mobileye Global Inc. will post -0.09 EPS for the current year.

Mobileye Global announced that its board has initiated a share buyback plan on Thursday, April 23rd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MBLY has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Mobileye Global from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research upgraded shares of Mobileye Global from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Finally, Berenberg Bank lowered Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 target price on the stock. in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and an average price target of $13.77.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.