Mobileye Global Inc. $MBLY Position Increased by Phoenix Financial Ltd.

Phoenix Financial Ltd. lifted its position in Mobileye Global Inc. (NASDAQ:MBLY) by 124.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110,443 shares of the company’s stock after acquiring an additional 616,205 shares during the period. Phoenix Financial Ltd. owned about 0.14% of Mobileye Global worth $11,593,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of 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 acquiring an additional 3,019 shares in the last quarter. Rhumbline Advisers purchased a new position in Mobileye Global during the 1st quarter worth approximately $27,000. Creative Planning raised its stake in Mobileye Global by 10.2% during the 2nd quarter. Creative Planning now owns 18,316 shares of the company’s stock valued at $329,000 after purchasing an additional 1,693 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Mobileye Global in the second quarter valued at $351,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mobileye Global in the second quarter valued at $31,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $10.38 on Friday. Mobileye Global Inc. has a one year low of $6.47 and a one year high of $20.18. The business’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $9.78. The company has a market capitalization of $8.73 billion, a P/E ratio of -2.06 and a beta of 1.06.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million during the quarter, compared to the consensus estimate of $519.34 million. Mobileye Global had a positive return on equity of 0.33% and a negative net margin of 203.97%.The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. On average, equities analysts anticipate that Mobileye Global Inc. will post -0.07 EPS for the current year.

Mobileye Global announced that its board has approved a stock buyback program on Thursday, April 23rd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MBLY shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a report on Monday, April 27th. UBS Group increased their price objective on Mobileye Global from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Arete Research lowered Mobileye Global from a “buy” rating to a “neutral” rating and set a $15.70 price objective for the company. in a research report on Tuesday, January 27th. Berenberg Bank began coverage on Mobileye Global in a research note on Wednesday, April 1st. They set a “buy” rating and a $9.30 target price on the stock. Finally, HSBC downgraded Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.98.

Mobileye Global Company Profile

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.