Eisler Capital US LLC Trims Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Eisler Capital US LLC lessened its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,770 shares of the company’s stock after selling 4,310 shares during the quarter. Eisler Capital US LLC’s holdings in Mobileye Global were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in Mobileye Global in the fourth quarter worth approximately $437,842,000. Kodai Capital Management LP bought a new stake in shares of Mobileye Global in the 4th quarter worth about $148,924,000. Franklin Resources Inc. boosted its stake in shares of Mobileye Global by 25.8% during the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock worth $113,616,000 after purchasing an additional 538,371 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Mobileye Global by 2.0% during the 4th quarter. DAVENPORT & Co LLC now owns 1,956,339 shares of the company’s stock worth $85,109,000 after purchasing an additional 38,667 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in Mobileye Global by 5.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,392,387 shares of the company’s stock valued at $61,042,000 after buying an additional 71,000 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded down $0.13 on Wednesday, hitting $25.26. 1,085,273 shares of the company’s stock traded hands, compared to its average volume of 4,024,870. The firm’s 50-day moving average is $29.38 and its 200 day moving average is $31.63. Mobileye Global Inc. has a 52-week low of $23.49 and a 52-week high of $46.00.

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 business had revenue of $239.00 million for the quarter, compared to analyst estimates of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. On average, analysts expect that Mobileye Global Inc. will post 0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. 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 research report on Friday, April 26th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Friday, April 12th. TD Cowen upped their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 26th. Canaccord Genuity Group increased 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, Morgan Stanley downgraded shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $26.00 to $25.00 in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

Insider Buying and Selling

In other Mobileye Global news, Director Patrick P. Gelsinger bought 2,000 shares of the stock in a transaction on 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 purchase, the director now directly owns 131,095 shares in the company, valued at approximately $3,609,045.35. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Patrick P. Gelsinger bought 1,611 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the purchase, the director now owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick P. Gelsinger bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $27.53 per share, with a total value of $55,060.00. Following the completion of the purchase, the director now directly owns 131,095 shares of the company’s stock, valued at approximately $3,609,045.35. The disclosure for this purchase can be found here. 1.80% of the stock is currently 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.