US Bancorp DE Acquires 373,862 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

US Bancorp DE boosted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 532.7% in the 1st quarter, Holdings Channel reports. The firm owned 444,048 shares of the company’s stock after buying an additional 373,862 shares during the period. US Bancorp DE’s holdings in Mobileye Global were worth $14,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake in Mobileye Global by 89.8% during the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock worth $513,925,000 after purchasing an additional 7,560,929 shares during the last quarter. Norges Bank bought a new stake in Mobileye Global during the fourth quarter worth $437,842,000. Kodai Capital Management LP acquired a new position in shares of Mobileye Global during the fourth quarter worth $148,924,000. Wellington Management Group LLP increased its holdings in shares of Mobileye Global by 200.3% during the fourth quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after buying an additional 2,266,438 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Mobileye Global by 25.8% during the fourth quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock worth $113,616,000 after buying an additional 538,371 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MBLY shares. Citigroup lowered their price target on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a report on Monday, April 29th. Piper Sandler upped their price target on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Mobileye Global in a report on Friday, April 26th. Canaccord Genuity Group upped their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, HSBC assumed coverage on Mobileye Global in a report on Monday. They issued a “buy” rating and a $33.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.44.

Mobileye Global Stock Up 0.1 %

MBLY traded up $0.04 during trading on Tuesday, reaching $26.99. 3,304,297 shares of the stock traded hands, compared to its average volume of 4,146,159. The stock has a market capitalization of $21.76 billion, a PE ratio of -126.52, a P/E/G ratio of 41.15 and a beta of 0.07. The stock’s 50-day moving average is $27.54 and its 200 day moving average is $28.74. Mobileye Global Inc. has a 12 month low of $23.49 and a 12 month high of $45.10.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $239.00 million for the quarter, compared to the consensus estimate of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. As a group, equities research analysts anticipate that Mobileye Global Inc. will post 0.09 EPS for the current year.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger acquired 1,611 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $28.17 per share, with a total value of $45,381.87. Following the transaction, the director now directly owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Patrick P. Gelsinger acquired 2,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $27.53 per share, with a total value of $55,060.00. Following the transaction, the director now directly owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick P. Gelsinger acquired 1,611 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the transaction, the director now directly owns 132,706 shares in the company, valued at $3,738,328.02. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

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.