Headlands Technologies LLC Grows Stake in Mobileye Global Inc. $MBLY

Headlands Technologies LLC lifted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 314.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,372 shares of the company’s stock after buying an additional 189,909 shares during the period. Headlands Technologies LLC’s holdings in Mobileye Global were worth $2,424,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC increased its stake in Mobileye Global by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock valued at $450,000 after purchasing an additional 3,019 shares in the last quarter. Rhumbline Advisers acquired a new stake in Mobileye Global in the 1st quarter valued at $27,000. Creative Planning increased its stake in Mobileye Global by 10.2% during the 2nd quarter. Creative Planning now owns 18,316 shares of the company’s stock worth $329,000 after buying an additional 1,693 shares during the period. Cetera Investment Advisers bought a new position in shares of Mobileye Global during the second quarter worth about $351,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Mobileye Global in the 2nd quarter valued at about $31,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

MBLY opened at $8.58 on Monday. The stock’s 50 day simple moving average is $8.78 and its 200-day simple moving average is $8.71. The stock has a market cap of $7.21 billion, a PE ratio of -1.72, a P/E/G ratio of 2.82 and a beta of 1.20. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $15.81.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.13. The firm had revenue of $508.00 million for the quarter, compared to analysts’ expectations of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share. Equities analysts forecast that Mobileye Global Inc. will post 0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MBLY. Canaccord Genuity Group dropped their price target on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. UBS Group cut their price target on shares of Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Mizuho decreased their target price on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Jefferies Financial Group assumed coverage on shares of Mobileye Global in a report on Monday, May 18th. They set an “underperform” rating and a $8.00 price objective for the company. Finally, Tigress Financial lowered their target price on shares of Mobileye Global from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mobileye Global presently has a consensus rating of “Hold” and an average price target of $12.65.

Insider Buying and Selling

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $8.46 per share, with a total value of $100,174.86. Following the completion of the acquisition, the director directly owned 84,336 shares of the company’s stock, valued at $713,482.56. This represents a 16.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank D. Yeary bought 12,360 shares of Mobileye Global stock in a transaction dated Thursday, July 30th. The shares were bought at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the completion of the transaction, the director directly owned 12,360 shares of the company’s stock, valued at $98,632.80. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 10.00% of the company’s stock.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.