Paloma Partners Management Co Sells 964,300 Shares of Mobileye Global Inc. $MBLY

Paloma Partners Management Co reduced its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 70.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 400,000 shares of the company’s stock after selling 964,300 shares during the period. Paloma Partners Management Co’s holdings in Mobileye Global were worth $5,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MBLY. Dimensional Fund Advisors LP bought a new stake in Mobileye Global in the 4th quarter valued at $27,155,000. Price T Rowe Associates Inc. MD increased its holdings in Mobileye Global by 61.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,802 shares of the company’s stock valued at $714,000 after acquiring an additional 13,600 shares during the last quarter. Ancora Advisors LLC bought a new stake in Mobileye Global in the 4th quarter valued at $40,000. Bayesian Capital Management LP bought a new stake in Mobileye Global in the 4th quarter valued at $740,000. Finally, Bamco Inc. NY increased its holdings in Mobileye Global by 1,427.2% in the 4th quarter. Bamco Inc. NY now owns 383,452 shares of the company’s stock valued at $7,638,000 after acquiring an additional 358,344 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $14.01 on Monday. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $22.51. The firm has a market cap of $11.42 billion, a P/E ratio of -3.84, a P/E/G ratio of 9.18 and a beta of 0.52. The firm has a 50-day simple moving average of $15.59 and a 200-day simple moving average of $15.34.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The business had revenue of $506.00 million during the quarter, compared to analyst estimates of $466.42 million. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. On average, research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MBLY has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Mobileye Global from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. Robert W. Baird dropped their price objective on shares of Mobileye Global from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Canaccord Genuity Group lifted their price target on shares of Mobileye Global from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Wells Fargo & Company boosted their price objective on shares of Mobileye Global from $18.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, Mizuho lowered their price objective on shares of Mobileye Global from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.67.

Insider Activity at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $16.05, for a total transaction of $1,022,898,359.25. Following the completion of the transaction, the insider owned 50,000,000 shares in the company, valued at $802,500,000. The trade was a 56.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.

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.