Phoenix Financial Ltd. Decreases Stock Holdings in Mobileye Global Inc. $MBLY

Phoenix Financial Ltd. decreased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 62.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,238 shares of the company’s stock after selling 821,654 shares during the quarter. Phoenix Financial Ltd.’s holdings in Mobileye Global were worth $6,979,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MBLY. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Mobileye Global by 89.9% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 84,816 shares of the company’s stock worth $1,198,000 after purchasing an additional 40,150 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Mobileye Global by 124.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,999,090 shares of the company’s stock worth $28,227,000 after buying an additional 1,110,123 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mobileye Global in the 3rd quarter worth about $40,670,000. Intel Corp purchased a new stake in shares of Mobileye Global in the 3rd quarter worth about $706,000,000. Finally, SG Americas Securities LLC grew its stake in Mobileye Global by 21.7% in the 3rd quarter. SG Americas Securities LLC now owns 140,329 shares of the company’s stock valued at $1,981,000 after acquiring an additional 25,008 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MBLY. Zacks Research downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Barclays raised Mobileye Global from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $17.00 to $16.00 in a research note on Monday, January 5th. Mizuho lowered their target price on Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Evercore ISI cut their price target on Mobileye Global from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, UBS Group dropped their price objective on Mobileye Global from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.89.

Mobileye Global Stock Up 3.6%

MBLY stock opened at $10.15 on Tuesday. The company has a market cap of $8.26 billion, a price-to-earnings ratio of -20.71, a PEG ratio of 3.42 and a beta of 0.57. The business has a fifty day simple moving average of $10.99 and a 200-day simple moving average of $13.08. Mobileye Global Inc. has a 52 week low of $9.75 and a 52 week high of $20.18.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. As a group, analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Mobileye Global 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.