Richelieu Gestion SA Has $2.69 Million Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Richelieu Gestion SA increased its position in Mobileye Global Inc. (NASDAQ:MBLY) by 11.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 83,636 shares of the company’s stock after purchasing an additional 8,759 shares during the period. Mobileye Global accounts for 2.8% of Richelieu Gestion SA’s investment portfolio, making the stock its 8th largest holding. Richelieu Gestion SA’s holdings in Mobileye Global were worth $2,689,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in shares of Mobileye Global by 33.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock valued at $69,000 after acquiring an additional 400 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Mobileye Global by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after acquiring an additional 400 shares during the last quarter. Green Alpha Advisors LLC grew its holdings in shares of Mobileye Global by 2.6% in the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after purchasing an additional 500 shares during the period. Principal Securities Inc. acquired a new position in Mobileye Global during the 4th quarter worth about $28,000. Finally, National Bank of Canada FI boosted its holdings in Mobileye Global by 90.0% during the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after acquiring an additional 675 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of MBLY stock traded up $1.38 during trading hours on Wednesday, hitting $27.46. 2,423,421 shares of the company were exchanged, compared to its average volume of 4,239,509. The business’s 50-day simple moving average is $28.24 and its two-hundred day simple moving average is $30.22. Mobileye Global Inc. has a one year low of $23.49 and a one year high of $45.10. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of -128.57, a P/E/G ratio of 40.56 and a beta of 0.03.

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

Wall Street Analysts Forecast Growth

MBLY has been the subject of a number of research reports. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, April 12th. 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. 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. Citigroup lowered their target price on Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Canaccord Genuity Group increased their price target on Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Moderate Buy” and an average price target of $39.19.

Insider Activity

In other news, Director Patrick P. Gelsinger bought 1,611 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mobileye Global news, Director Patrick P. Gelsinger bought 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, with a total value of $45,381.87. Following the completion of the transaction, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patrick P. Gelsinger bought 2,000 shares of Mobileye Global stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $27.53 per share, with a total value of $55,060.00. Following the purchase, the director now 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. Corporate insiders own 1.80% of the company’s stock.

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.