Arcadia Investment Management Corp MI Boosts Position in Mobileye Global Inc. (NASDAQ:MBLY)

Arcadia Investment Management Corp MI boosted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 13.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 139,656 shares of the company’s stock after buying an additional 16,190 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Mobileye Global were worth $1,913,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Mobileye Global during the 1st quarter worth approximately $1,294,000. AXA S.A. raised its position in Mobileye Global by 35.6% during the 2nd quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after buying an additional 135,967 shares during the last quarter. Raymond James & Associates grew its stake in shares of Mobileye Global by 258.7% during the 2nd quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock worth $9,448,000 after purchasing an additional 242,640 shares during the period. M&G Plc increased its holdings in shares of Mobileye Global by 8.9% during the 2nd quarter. M&G Plc now owns 1,350,945 shares of the company’s stock valued at $37,826,000 after purchasing an additional 110,032 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Mobileye Global during the 3rd quarter valued at approximately $635,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Patrick P. Gelsinger purchased 6,400 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $15.48 per share, with a total value of $99,072.00. Following the transaction, the director now owns 139,106 shares in the company, valued at $2,153,360.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Mobileye Global Trading Up 14.4 %

Shares of MBLY stock opened at $15.57 on Friday. The company’s 50-day moving average price is $12.77 and its 200-day moving average price is $20.82. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of -4.27 and a beta of 0.07. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48.

Mobileye Global (NASDAQ:MBLY) last announced 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 negative net margin of 164.13% and a positive return on equity of 0.60%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts predict that Mobileye Global Inc. will post -0.06 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $14.00 in a report on Friday, October 4th. Fox Advisors lowered shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st. Finally, Wolfe Research lowered shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.25.

Mobileye Global Company 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.