Country Club Bank Reduces Holdings in Mobileye Global Inc. $MBLY

Country Club Bank decreased its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 4.3% during the second quarter, HoldingsChannel reports. The firm owned 143,615 shares of the company’s stock after selling 6,506 shares during the quarter. Country Club Bank’s holdings in Mobileye Global were worth $2,634,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers purchased a new stake in Mobileye Global in the first quarter worth about $27,000. PNC Financial Services Group Inc. lifted its stake in shares of Mobileye Global by 1,799.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,851 shares of the company’s stock valued at $84,000 after purchasing an additional 5,543 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Mobileye Global by 108.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,053 shares of the company’s stock valued at $87,000 after purchasing an additional 3,149 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Mobileye Global in the first quarter worth $158,000. Finally, Apollon Wealth Management LLC bought a new position in Mobileye Global in the first quarter worth $159,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Up 2.4%

Shares of MBLY opened at $15.02 on Tuesday. Mobileye Global Inc. has a twelve month low of $11.12 and a twelve month high of $22.51. The company has a market capitalization of $12.24 billion, a P/E ratio of -4.12, a price-to-earnings-growth ratio of 9.23 and a beta of 0.52. The firm has a 50 day moving average of $14.13 and a 200 day moving average of $15.07.

Mobileye Global (NASDAQ:MBLY) last issued its 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. The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $466.42 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.The company’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Mobileye Global in a report on Friday, July 25th. The Goldman Sachs Group dropped their price objective on shares of Mobileye Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Canaccord Genuity Group raised their target price on shares of Mobileye Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Barclays boosted their price target on Mobileye Global from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price objective on Mobileye Global from $18.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Insider Activity at Mobileye Global

In related news, major shareholder Corp Intel sold 63,731,985 shares of Mobileye Global stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $16.05, for a total value of $1,022,898,359.25. Following the completion of the sale, the insider directly owned 50,000,000 shares in the company, valued at approximately $802,500,000. This trade represents a 56.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

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.