M&G Plc Acquires New Stake in Mobileye Global Inc. (NASDAQ:MBLY)

M&G Plc bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,240,913 shares of the company’s stock, valued at approximately $39,709,000. M&G Plc owned about 0.15% of Mobileye Global at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MBLY. Principal Securities Inc. bought a new position in Mobileye Global in the 4th quarter worth approximately $28,000. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global during the first quarter worth $32,000. National Bank of Canada FI lifted its position in shares of Mobileye Global by 90.0% during the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after acquiring an additional 675 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Mobileye Global by 33.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after acquiring an additional 400 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Mobileye Global in the fourth quarter valued at $77,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

NASDAQ:MBLY traded down $1.77 during trading hours on Friday, reaching $24.67. The company’s stock had a trading volume of 4,697,572 shares, compared to its average volume of 3,248,084. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of -117.47, a PEG ratio of 41.12 and a beta of 0.07. The firm has a 50-day simple moving average of $27.37 and a 200-day simple moving average of $28.38. Mobileye Global Inc. has a 1 year low of $23.49 and a 1 year high of $44.48.

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 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 company had revenue of $239.00 million during the quarter, compared to the consensus estimate of $226.60 million. Equities analysts anticipate that Mobileye Global Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup cut 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. UBS Group decreased their target price on shares of Mobileye Global from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. increased 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. TD Cowen upped their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Barclays lowered their price objective on Mobileye Global from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.44.

Insider Activity

In other news, Director Patrick P. Gelsinger purchased 2,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $27.53 per share, with a total value of $55,060.00. Following the acquisition, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Mobileye Global news, Director Patrick P. Gelsinger purchased 2,000 shares of Mobileye Global stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the acquisition, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick P. Gelsinger acquired 1,611 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $28.17 per share, with a total value of $45,381.87. Following the acquisition, 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. Insiders own 1.80% of the company’s stock.

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.