Tobam Acquires 23,001 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Tobam lifted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 632.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,640 shares of the company’s stock after purchasing an additional 23,001 shares during the period. Tobam’s holdings in Mobileye Global were worth $383,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MBLY. Norges Bank bought a new position in shares of Mobileye Global during the 4th quarter valued at $95,937,000. Dimensional Fund Advisors LP bought a new position in shares of Mobileye Global during the 4th quarter valued at $27,155,000. Light Street Capital Management LLC bought a new position in shares of Mobileye Global during the 4th quarter valued at $15,276,000. Yiheng Capital Management L.P. bought a new position in shares of Mobileye Global during the 4th quarter valued at $14,940,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Mobileye Global during the 4th quarter valued at $13,897,000. Institutional investors own 13.25% of the company’s stock.

Insider Activity at Mobileye Global

In related news, EVP Boaz Ouriel sold 67,493 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. This represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is owned by insiders.

Analysts Set New Price Targets

MBLY has been the topic of a number of analyst reports. Mizuho decreased their price objective on shares of Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Monday. Wall Street Zen upgraded shares of Mobileye Global to a “sell” rating in a research report on Tuesday, April 29th. BNP Paribas upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price target on the stock in a research report on Wednesday, April 23rd. Finally, Robert W. Baird boosted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.63.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $15.88 on Friday. The firm’s 50 day moving average price is $14.99 and its 200-day moving average price is $16.16. The company has a market cap of $12.89 billion, a PE ratio of -4.16, a P/E/G ratio of 69.54 and a beta of 0.48. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $30.17.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The business’s revenue was up 83.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.