Capstone Investment Advisors LLC Sells 144,300 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Capstone Investment Advisors LLC lowered its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 38.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,764 shares of the company’s stock after selling 144,300 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Mobileye Global were worth $7,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. increased its position in shares of Mobileye Global by 89.8% during the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after acquiring an additional 7,560,929 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Mobileye Global by 121.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,336 shares of the company’s stock worth $139,000 after acquiring an additional 2,377 shares during the period. Perigon Wealth Management LLC boosted its holdings in Mobileye Global by 6.7% in the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock worth $341,000 after buying an additional 664 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Mobileye Global by 15.7% during the first quarter. Pinnacle Associates Ltd. now owns 8,840 shares of the company’s stock worth $284,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new position in shares of Mobileye Global in the first quarter worth $34,684,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director Patrick P. Gelsinger acquired 1,611 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the transaction, the director now owns 132,706 shares in the company, valued at approximately $3,738,328.02. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Mobileye Global news, Director Patrick P. Gelsinger acquired 1,611 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the acquisition, the director now owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick P. Gelsinger acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $27.53 per share, with a total value of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares of the company’s stock, valued at approximately $3,609,045.35. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Mobileye Global Stock Up 1.4 %

Shares of Mobileye Global stock traded up $0.39 during trading hours on Friday, hitting $27.82. 3,558,501 shares of the company’s stock traded hands, compared to its average volume of 4,425,584. Mobileye Global Inc. has a twelve month low of $23.49 and a twelve month high of $45.10. The stock has a 50 day simple moving average of $27.81 and a 200-day simple moving average of $29.62.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. The business had revenue of $239.00 million for the quarter, compared to the consensus estimate of $226.60 million. As a group, equities analysts forecast that Mobileye Global Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a report on Friday, April 26th. Piper Sandler increased their price target on Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Citigroup cut their price objective on Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. increased their price objective on Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Morgan Stanley lowered Mobileye Global from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $26.00 to $25.00 in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.19.

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.