Slow Capital Inc. Decreases Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Slow Capital Inc. reduced its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,106 shares of the company’s stock after selling 3,261 shares during the quarter. Slow Capital Inc.’s holdings in Mobileye Global were worth $3,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its stake in Mobileye Global by 33.3% in the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after buying an additional 300 shares during the last quarter. Wealth Management Partners LLC raised its position in Mobileye Global by 3.1% during the third quarter. Wealth Management Partners LLC now owns 11,723 shares of the company’s stock valued at $487,000 after acquiring an additional 350 shares in the last quarter. CWM LLC purchased a new position in Mobileye Global during the third quarter valued at approximately $25,000. Parkside Financial Bank & Trust raised its position in Mobileye Global by 74.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,424 shares of the company’s stock valued at $55,000 after acquiring an additional 607 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in Mobileye Global during the first quarter valued at approximately $27,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded up $0.91 during trading hours on Wednesday, hitting $31.04. The company’s stock had a trading volume of 1,534,981 shares, compared to its average volume of 4,722,666. Mobileye Global Inc. has a twelve month low of $23.49 and a twelve month high of $47.41. The firm has a fifty day moving average of $28.61 and a 200-day moving average of $33.87. The stock has a market cap of $25.03 billion, a price-to-earnings ratio of -782.05, a P/E/G ratio of 15.46 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. On average, sell-side analysts expect that Mobileye Global Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity at Mobileye Global

In other news, Director Patrick P. Gelsinger acquired 3,600 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the acquisition, the director now owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MBLY has been the subject of a number of recent analyst reports. TD Cowen cut their price objective on Mobileye Global from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Piper Sandler initiated coverage on Mobileye Global in a research report on Friday, March 15th. They issued a “neutral” rating and a $31.00 price objective for the company. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research report on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Robert W. Baird dropped their price target on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.91.

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.