Mobileye Global Inc. (NASDAQ:MBLY) Shares Bought by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI raised its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,656 shares of the company’s stock after buying an additional 16,190 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Mobileye Global were worth $1,913,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in shares of Mobileye Global by 9.9% during the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after purchasing an additional 774 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Mobileye Global by 24.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock worth $203,000 after purchasing an additional 1,248 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its position in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after purchasing an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in shares of Mobileye Global by 11.1% during the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock worth $406,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Lipe & Dalton lifted its position in shares of Mobileye Global by 53.6% during the first quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock worth $138,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger bought 6,400 shares of Mobileye Global stock in a transaction on Monday, August 5th. The stock was bought at an average price of $15.48 per share, with a total value of $99,072.00. Following the completion of the acquisition, the director now owns 139,106 shares in the company, valued at $2,153,360.88. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MBLY. TD Cowen increased their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada lowered shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $24.00 to $11.00 in a research note on Tuesday, October 15th. Mizuho lowered shares of Mobileye Global from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $13.00 in a research note on Friday, October 11th. Canaccord Genuity Group cut their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Daiwa America lowered shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.25.

Mobileye Global Trading Up 14.4 %

MBLY stock opened at $15.57 on Friday. The company has a market capitalization of $12.60 billion, a P/E ratio of -4.27 and a beta of 0.07. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The business has a 50 day simple moving average of $12.77 and a 200-day simple moving average of $20.82.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.60% and a negative net margin of 164.13%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts predict that Mobileye Global Inc. will post -0.06 EPS for the current fiscal year.

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.