Mobileye Global Inc. (NASDAQ:MBLY) Shares Bought by Richelieu Gestion SA

Richelieu Gestion SA grew its position in Mobileye Global Inc. (NASDAQ:MBLY) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,636 shares of the company’s stock after purchasing an additional 8,759 shares during the period. Mobileye Global makes up 2.8% of Richelieu Gestion SA’s holdings, making the stock its 8th largest position. Richelieu Gestion SA’s holdings in Mobileye Global were worth $2,689,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Mobileye Global in the fourth quarter valued at approximately $437,842,000. Kodai Capital Management LP acquired a new position in Mobileye Global during the fourth quarter worth $148,924,000. Wellington Management Group LLP increased its holdings in shares of Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after acquiring an additional 2,266,438 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Mobileye Global by 4,749.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,115,030 shares of the company’s stock worth $46,329,000 after acquiring an additional 1,092,035 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Mobileye Global during the third quarter worth approximately $35,374,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Up 5.3 %

MBLY stock traded up $1.38 during mid-day trading on Wednesday, reaching $27.46. 2,423,421 shares of the stock traded hands, compared to its average volume of 4,239,509. The business has a 50-day moving average of $28.24 and a two-hundred day moving average of $30.22. The firm has a market capitalization of $22.14 billion, a PE ratio of -128.57, a P/E/G ratio of 40.56 and a beta of 0.03. Mobileye Global Inc. has a 52 week low of $23.49 and a 52 week high of $45.10.

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

MBLY has been the subject of a number of recent research reports. Citigroup decreased their price objective on Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. raised their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Morgan Stanley cut shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $26.00 to $25.00 in a report on Friday, April 26th. Needham & Company LLC restated a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a research note on Friday, April 26th. Finally, TD Cowen increased their price objective on Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.19.

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.